COMPANY RESULT: PHILIPS ELECTRONICS NV

Philips Electronics NV, the Dutch electronics giant, has reported net profits for the year to December 31 at the equivalent of $6,847.8m up from $2,943 revenue that rose 2.6%% to $34,458.6. Earnings per share rose 128.4% to $18.87. Results include a $5,480m gain from the sale of its 75% stake in PolyGram. Figures converted at 1.95 guilders to the US dollar.

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