Philips Health-Care Profitability Drops in Prelude to Split

Updated on

Gyula Ando, an engineer, works on the body coil of an MRI scanner at the Philips Healthcare production facility in Best, Netherlands.

Jock Fistick/Bloomberg

Royal Philips NV, the Dutch company which is splitting off its lighting unit to focus on consumer health-care, reported a profitability drop at its future main business amid sluggish demand from hospitals and higher investments.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.