Royal Philips Electronics NV, the world's largest light bulb manufacturer, announced its earnings report for the previous quarter. In 2009, Q4 revenue decreased by 4.7% to 7.26 billion euros and net profit was 251 million euros ($355 million). Philips said that most of the decline in revenue was due to exchange rate fluctuations. .
Philips' bulbs achieved a profit of 41 million euros, a loss of 376 million euros in the same period in 2009 due to the cost of restructuring. Philips pointed out that 10% of the bulb business's revenue is currently from the LED bulb business.
Philips' consumer products division achieved a profit of 260 million euros, compared with a loss of 40 million euros in the same period in 2009. The TV business accounted for more than one third of the revenue of the sector. With the rapid development of LED TV, there is a chance to make a profit.
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