Koninklijke Philips NV reported on Monday a significant rise in net profit for the third quarter but suffered a decline in sales for the period, which also missed market views.
The company, which now expects to report low-single-digit comparable sales growth with a modest adjusted Ebita margin improvement for the full year, said these supply-chain challenges are expected to continue in the fourth quarter. The company's net profit result was mainly driven by the sale of its Domestic Appliances business, it said.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: trtworld - 🏆 101. / 63 Read more »