Philips satisfied with medical results

Article

Dutch conglomerate Philips Electronics last month reported that1996 sales in its Philips Medical Systems unit progressed welland that the company was satisfied with the division's operatingincome. Philips declined to break out specific sales and

Dutch conglomerate Philips Electronics last month reported that1996 sales in its Philips Medical Systems unit progressed welland that the company was satisfied with the division's operatingincome. Philips declined to break out specific sales and profitfigures for the unit, which is part of Philips' Professional Productsand Systems business.

As a whole, however, Philips reported disappointing financialresults for 1996, due to losses in its Grundig division and restructuringcharges. For the year, Philips Electronics posted revenues of$36.82 billion (69.2 billion Dutch guilders), up 7% compared with$34.3 billion in sales in 1995. The company had a net loss for1996 of $313.4 million, compared with net income in 1995 of $1.34billion.

Recent Videos
Improving Access to Nuclear Imaging: An Interview with SNMMI President Jean-Luc C. Urbain, MD, PhD
SNMMI: 18F-Piflufolastat PSMA PET/CT Offers High PPV for Local PCa Recurrence Regardless of PSA Level
SNMMI: NIH Researcher Discusses Potential of 18F-Fluciclovine for Multiple Myeloma Detection
SNMMI: What Tau PET Findings May Reveal About Modifiable Factors for Alzheimer’s Disease
Emerging Insights on the Use of FES PET for Women with Lobular Breast Cancer
Can Generative AI Reinvent Radiology Reporting?: An Interview with Samir Abboud, MD
Mammography Study Reveals Over Sixfold Higher Risk of Advanced Cancer Presentation with Symptom-Detected Cancers
Combining Advances in Computed Tomography Angiography with AI to Enhance Preventive Care
Study: MRI-Based AI Enhances Detection of Seminal Vesicle Invasion in Prostate Cancer
What New Research Reveals About the Impact of AI and DBT Screening: An Interview with Manisha Bahl, MD
Related Content
© 2025 MJH Life Sciences

All rights reserved.