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Philips posts 27% drop in first quarter profits

Updated : April 23, 2018 03:49 PM IST

The Amsterdam-based company has gradually pulled out of many activities in face of fierce competition from Asia.
Philips is a global multinational with more than 74,000 employees and income streams in over 150 countries.
The group sold its first light bulb a few years after it was founded in 1891.
Philips posts 27% drop in first quarter profits

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