Royal Philips Electronics N.V. Says Spin-Off On Track Despite Quarterly Loss

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(Reuters) – Dutch conglomerate Philips (PHG.AS) said it was pushing ahead with the planned spin off of its lighting business despite a net loss in the third quarter, when it was hit by weakness in Russia and China and a string of one-off charges.

On Monday, blaming dampened demand in key growth markets, Philips warned adjusted second-half earnings before interest, tax and amortisation …

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