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Home>Philips Warns on Targets as Profit Plunges -- Update

Philips Warns on Targets as Profit Plunges -- Update

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Tue, 27 Jan 2015

By Maarten van Tartwijk AMSTERDAM--Dutch Electronics Maker Koninklijke Philips NV warned Tuesday that it has fallen behind its financial targets following a number of setbacks that contributed to a 67% drop in fourth-quarter net profit. Philips said it was lagging its 2016 goals following a series
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