Technology
Philips to sell home appliances unit, focus on health
7 years agoDutch giant Royal Philips Electronics' CEO Frits van Houten (R) and CFO Abhijit Bhattacharya (L) pose prior to the group's 2019 results presentation press conference. - Philips said that 2019 net profit rose seven percent and it planned to sell or hive-off its home appliances unit in order to concentrate on the health sector. (Photo by Robin VAN LONKHUIJSEN / ANP / AFP) / Netherlands OUT
Dutch giant Philips said Tuesday that 2019 net profit rose seven percent and it planned to sell or hive-off its home appliances unit in order to concentrate on the health sector.