Sunday, July 15, 2007

Philips posts 22 pct rise in Q2 EBIT

(Reuters) - Its hospital equipment business, singled out by analysts
for lacklustre growth in the first quarter, showed comparable
sales growth of 4 percent in the second quarter.




Philips, Europe's biggest consumer electronics producer,
said it was on track for meeting its targets of 5 to 6 percent
of average annual sales growth and a margin of earnings before
interest, tax and amortization of at least 7.5 percent
of sales in 2007.


Read more at Reuters.com Business News

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