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About: http://data.cimple.eu/news-article/cd75b4a87ac17f9d3e22b3a09b15d2eeee3e40c63e3d0194104a8435 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Dutch firm Philips said Monday its third quarter net profit rose sharply as its health arm got a boost from demand driven by the coronavirus pandemic. Net profit for the three months to September jumped more than 63 percent from a year earlier to 340 million euros ($400 million) while sales were up 10 percent at five billion euros, said the company which has diversified out of its traditional electrical appliances business into health. "I am pleased that, under challenging circumstances, we have been able to execute our plans and return to growth and improved profitability," CEO Frans van Houten said in a statement. Van Houten highlighted the progress made by the medical division. "It is clear that the Covid-19 pandemic is far from over, and our teams remain fully focused on delivering against our triple duty of care -- meeting critical customer needs, safeguarding the health and safety of our employees, and ensuring business continuity," he said. Investors welcomed the figures and an accompanying upgrade to its 2021-25 sales forecast, pushing the shares up nearly four percent in early trade on the Amsterdam stock market. smt/etr/bmm/dl
schema:headline	Philips Q3 earnings boosted by virus healthcare demand
schema:mentions	Stock market Netherlands Chief executive officer Pandemic Coronavirus disease 2019 Coenraad Johannes van Houten Frans van Houten Business continuity planning Net income Euronext
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	93 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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