LIC Shares Jump 5% as Q3 Profit Rises 17% on Strong Results

In its latest financial update, Koninklijke Philips N.V. (also known simply as Philips) reported that its third-quarter sales rose by approximately 3% year-on-year, driven by robust performance in its medical equipment and health-technology segments. The solid numbers highlight the company’s ability to navigate a challenging macro-environment, while continuing the transition toward higher-value healthcare products.  Continue…