Philips Posts Strong Earnings, Raises Profit Forecast

Dutch health technology company Philips (PHG.AS) modestly increased its full-year targets on Monday after beating quarterly earnings expectations. However, it voiced concern over China’s drive to become self-sufficient in developing health-related technologies. The Amsterdam-based group, a former industrial conglomerate focusing on medical technology, reported adjusted earnings before interest, taxes, and amortization (EBITA) of 453 million … Continue reading Philips Posts Strong Earnings, Raises Profit Forecast