Fine pushes Philips into the red

EINDHOVEN – Philips suffered a net loss of 355 million Euros in the fourth quarter of last year. This information was published by the electronics manufacturer on Tuesday.

The results shrunk because of a 500 million Euro cartel-forming fine from Brussels for illegal price fixing in the television market.http://www.dichtbij.nl/eindhoven/zakelijk/artikel/2613974/

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