Philips reports 2% growth in adjusted sales:
This article was originally published in Clinica
Sales of Philips medical systems contributed to the 2% growth of adjusted turnover reported for Professional Products and Systems in the first half of the year. Sales in this division were Fl 3,566 million ($2,300 million), down 2% from last year nominally. However, adjusted for exchange rate movements and consolidation, sales were 2% higher. The division's operational loss rose to Fl 103 million in the first half compared with Fl 61 million a year earlier. Philips' group sales rose 5% to Fl 29,278 million and net income rose to Fl 1,327 million from Fl 662 million last year.