AMSTERDAM Jan 29 Philips Electronics
reported a fourth-quarter net loss of 355 million euros ($478
million) due to previously flagged provisions, and said it is
selling its audio and video business to Funai Electric Co
for 150 million euros.
The Dutch consumer electronics, medical equipment and
lighting group announced adjusted quarterly earnings before
interest, tax and amortisation (EBITA) of 875 million euros on
sales of 7.161 billion euros.
Analysts in a Reuters poll had forecast adjusted EBITA of
847 million euros, a net loss of 308 million euros and sales of
7.161 billion euros.