Philips Turns In A Profit But China, Tariffs Weigh

Source: International Business Times

Philips gets into the green AFP Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of "intensified" uncertainties due to tariffs. Net profits came in at 72 million euros ($82 million), compared to a net loss of 998 million euros in the same quarter last year and 333 million euros in the fourth quarter of 2024. "It's an encouraging start to the year," the firm's chief executive Roy Jakobs told reporters.