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Technology / AI and automation


Philips Electronics NV, the Dutch electronics giant, has reported third quarter net profits (before one off gains of $353m from the sale of businesses) at the equivalent of $358.4m up from profits last time of $61.1m on revenue up 18.1% at $9.38bn. Net earnings per share rose to $2.03 in the quarter up from $0.18 last time including extraordinary gains. Figures converted at the rate of $0.4971 to the Dutch Guilder.

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CBR Staff Writer

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