Philips releases second-quarter sales results

Consumer products group Philips has reported second-quarter EBITA of €527m (£344m), or 8.5 per cent of sales, and sales of €6.2bn − up 12 per cent from the comparable period in 2009.

The company announced that emerging-markets sales growth had accelerated to 29 per cent, representing more than one-third of group sales, while net income came to €262m.