THE HAGUE, July 20 — Dutch electronics giant Philips said Monday that net profits fell in the second quarter due to the coronavirus outbreak, but believed it would return to growth in the second half of the year. Philips which recently abandoned its home appliance arm to focus on the health...
Philips which recently abandoned its home appliance arm to focus on the health sector, said its net profit sank 14.63 per cent year on year to €210 million , compared to 246 million in 2019. — Reuters pic
Philips which recently abandoned its home appliance arm to focus on the health sector, said its net profit sank 14.63 per cent year on year to €210 million , compared to 246 million in 2019. “We have steeply ramped up the production volumes of acute care products and solutions to help diagnose, treat, monitor and manage Covid-19 patients,” van Houten said.
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