Philips posts US$2.8-billion Q2 loss on asset depreciation; plans buyback

(ChinaPost.com.tw) – Philips, which makes household electrical and medical equipment, reported a net loss of 1.35 billion euros (US$2.8 billion) for the second quarter, mainly because of asset depreciation, the group said on Monday. The group booked depreciations totaling 1.39 billion euros in the second quarter.

Leave a Reply

Your email address will not be published. Required fields are marked *