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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.