Philips Electronics (PHG): Q1 net profit of €248M, lifted by higher sales and margins. Sales +7%...

|By:, SA News Editor

Philips Electronics (PHG): Q1 net profit of €248M, lifted by higher sales and margins. Sales +7% to €5.6B vs. expectations of €5.42B. Philips plans to cut 4,500 jobs and to deliver €800M in savings by 2014. (PR)