Philips Result 27/07/15

The Philips Group saw Q2 net profit of €274 million ($303 million), a rise from €243 million ($268 million) last year, on turnover which increased from €4.97 billion ($5.5 billion) to €5.97 billion ($6.6 billion). For the six months there were profits of €374 million ($413 million), down from €380 million ($420 million), on revenue of €11.31 billion ($12.5 billion), up from €9.66 billion ($10.7 billion). 40% of Philips’ lighting business is now coming from LED.