Third quarter sees Philips' earnings increase, aided by growth economies

Net profit was 169 million euros (US$220 million), up from 74 million euros in the same period a year ago, when Philips booked a 54-million-euro loss on the television business. Sales rose 3.4 percent to 6.13 billion euros.

Philips, the world's largest lighting maker, said nearly a quarter of all lights sold are now LEDs.

The company's performance differed strongly by geography. In mature economies sales of consumer products and lighting sales dipped but sales of medical imaging machines grew.

In developing economies sales were up 10 percent in all categories, Philips said.

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