Koninklijke Philips Electronics NV (PHG) reported fourth quarter net income attributable to stockholders of EUR 251 million or EUR 0.27 per share, compared to loss attributable to stockholders of EUR 1.17 billion or EUR 1.26 per share last year.
Sales declined to EUR 7.26 billion from EUR 7.62 billion in the prior year quarter.
The company said it remains very much committed to growth and to delivering an EBITA profitability of 10% or better. Moving ahead, the company said it is confident that 2010 will represent another solid step towards this target.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.