Philips Better Operating Results Across All Sectors In Q2

Dutch electronics giant Koninklijke Philips NV (ADR) (NYSE:PHG) (AMS:PHIA) reported a three-fold jump in net profit on Monday for the second quarter, boosted by demand for smart lighting, household appliances and health care equipment. Net profit reached 317 million euros ($416 million), up from 102 million euros during the same time last year. Sales for the three months ending June amounted to 5.65 billion euros, a 1.4 percent increase year-on-year, thanks to stronger sales of consumer products like shavers in emerging economies. Sales in emerging economies grew by 12 percent. “We are pleased that in the second quarter our operational results improved…