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Philips reports 4Q11 net losses

Press release, January 30; Jackie Chang, DIGITIMES 0

Philips has reported fourth-quarter 2011 sales of EUR6.7 billion (US$8.8 billion) with lighting sales up by 7% on year. Fourth-quarter 2011 net losses resulted in EUR160 million due to low earnings and a loss from discontinued operations, according...

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