Philips’ net profit rises 1.9 percent in 2020, co sees ‘uncertainty’ due to Covid in 2021

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The Hague: Dutch electronics giant Philips said Monday it saw “uncertainty” this year due to the coronavirus pandemic, as net profit for 2020 rose 1.9 percent. The company, now focused on healthcare after decades as a key home appliances and lighting player, had sales of 19.5 billion euros ($23.7 billion) in 2020, up 0.27 percent … Read more