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Philips third-quarter net Profit surges, EBITA down

Dutch consumer electronics giant Philips Electronics NV reported Monday that its third-quarter net income was 2.98 billion euros (3.45 billion euros), significantly higher than last year's 340 million euros. Earnings per share were 3.24 euros, up from 0.37 euro a year ago. Income from discontinued operations was 2.54 billion euros,…
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