HAGUE, Netherlands - Dutch electronics giant Philips said Monday that net profits fell in the second quarter due to the coronavirus outbreak, but foresaw a return to growth this year on the back of bu
rgeoning health equipment sales.
The decrease in normal, non-virus hospital procedures involving Philips equipment had a particular impact, van Houten said. Philips was now targeting an improvement for the rest of the year despite the impact of the pandemic.
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