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Royal Philips Electronics NV

July 14, 2009 | Component, Electronics, Philips | Comments Off

Royal Philips Electronics NV have surprised many by reporting a second quarter profit, many analysts had predicted a loss averaged about 122.5 million euros, but in the end, reported a net income of 44 million ‘ euros.

Although Philips was much less than last years second quarter, I am sure they will be happy to see that they do not have a loss, which is good given the current economic climate, forecast Philips are also a better second half of the year, which should begin to reduce them on track.

For in-depth analysis of how Philips has managed to make profits view the report on Bloomberg. Do you think these figures show an improvement in economic conditions, or simply show that Philips have successfully restructured. [via product-reviews]