Philips’ net profit jumps to £307 million in the fiscal third quarter

Philips’ net profit jumps to £307 million in the fiscal third quarter. The Dutch company reports £4.50 billion of quarterly sales. Philips forecasts modest growth in comparable sales in fiscal 2020. Philips N.V. (AMS: PHIA) said its net profit in the fiscal third quarter posted significant growth and topped experts’ forecast on Monday. For the next four years (2021-2025), the company is now...