Philips Q3 net triples to Euro 174 m

In the same period in 2008, the world’s largest lighting manufacturer had reported profits of Euro 57 million, including around Euro 80 million in net restructuring and impairment charges.  Despite increase in profit, the company said sales fell 11 per cent to Euro 5.62 billion in the third quarter of 2009, as demand continued to lag for consumer electronics, high-end health care equipment and many kinds of lights, notably those used in the automobile industry.