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

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 targeting higher profitability and accelerated sales growth.   Shares of the company opened about 4% up on Monday but dropped 2% in the next hours. At £38.59 per share, Philips is now 2.5% down year to date in the stock market after recovering from a low of £26.72 per share in March when the impact of COVID-19 was at its peak. Confused about choosing a reliable stockbroker to