News Broadcasting
Phillips reports sales growth of 10 per cent in 2Q
MUMBAI: Royal Philips Electronics has reported that sales in the second quarter were up 10 per cent year-on-year. Its net income was 301 million euros.
Sales increased strongly in the second quarter to 7,601 million euros. This represents a 10 per cent rise from the same quarter last eyar.
Adjusted for the effects of currency movements and consolidation changes, comparable sales increased by 11 per cent driven by strong growth in all operating divisions.
EBIT amounted to 367 million euros compared to 158 million euros in the same period of last year. In difficult market conditions, the EBIT of the consumer electronics division held up. Brand campaign costs were 47 million euros lower than in the same quarter for last year due to an amended seasonal spend pattern.
Financial income and expenses resulted in income of 127 million euros compared to an expense of 57 million euros in thew same quarter last year. The improvement is due to the recognition of a TSMC cash dividend of EUR 223 million, net of tax.
Cash inflow from operating activities increased to 300 million euros, compared to 52 million euros in the same quarter last year due to lower additional working capital requirements. Inventories as a percentage of sales amounted to 12.2 per cent, a decrease of 1.2 percentage points compared to Q2 2005.
Philips’ president and CEO Gerard Kleisterlee says, “We had an excellent second quarter to round off a good first half year. Our transformation into a market-driven healthcare, lifestyle and technology company starts to show its merits, with strong profit contributions from Medical Systems, Lighting and DAP. Our consumer electronics business model is showing its robustness in difficult conditions for the industry and Semiconductors is delivering the expected benefits of its business renewal programme.
“Continuing our consistent focus on shareholder value, we are pleased to announce the launch of a further 1.5 billion euros share repurchase programme, to start in the third quarter.”
News Broadcasting
CNN-News18 to air live counting day coverage for five state election results on May 4
The channel is rolling out its biggest election coverage machinery yet for results day on 4th May
NOIDA: The votes have been cast. Now comes the reckoning. CNN-News18 is pulling out all the stops for results day on 4th May, when counting begins across five battleground states — West Bengal, Assam, Kerala, Tamil Nadu and the Union Territory of Puducherry — in what promises to be one of the most closely watched electoral verdicts in recent memory.
The channel’s coverage, titled Battle for the States: The Verdict, kicks off at 7am and runs through the day across linear TV, connected television and YouTube. It is the culmination of CNN-News18’s multi-format editorial initiative, Battle for the States, which has tracked the polls from the beginning under the theme Road to Power.
At the operational heart of the coverage will be the Live Results Hub, the channel’s central command centre built to collate, verify and process real-time data flowing in from reporters stationed at counting centres across constituencies. The hub combines newsroom intelligence, analytics and on-the-ground reporting to deliver what the channel promises will be the fastest and most accurate results coverage in English news.
Leading the on-air charge will be primetime anchors Rahul Shivshankar, Anand Narasimhan, Aman Sharma, Nabila Jamal and Shivani Gupta. They will be joined by a wide panel of commentators including author Chetan Bhagat; GVL Narasimha Rao, senior leader of the BJP; Smita Prakash, editor of ANI; activist Saira Shah Halim; political analyst Sumanth C Raman; Abhijit Iyer Mitra, senior fellow at IPCS; Amitabh Tiwari, founder of VoteVibe; columnist Abhijit Majumdar; Nalin Mehta, managing editor of MoneyControl; political analyst Tehseen Poonawalla; senior journalist Subir Bhaumik; and political analyst Manojit Mandal.
Shivshankar, who serves as editorial affairs director at CNN-News18, set out the stakes plainly. “Counting day is one of the most watched events in the electoral cycle, where speed and credibility are tested in real time,” he said. “Battle for the States: The Verdict is built on that promise, combining ground reporting, sharp analysis and cutting-edge election technology to give viewers the clearest and fastest route to the verdict. On May 4, CNN-News18 will once again be the nation’s most trusted channel to witness democracy in action.”
Smriti Mehra, chief executive of English and Business News at Network18, framed the coverage in broader terms. “Elections are defining national events, and audiences turn to brands they trust in moments that matter,” she said. “CNN-News18 has consistently led from the front in every election coverage, and this special programming reflects the scale of our ambition and editorial strength.”
The channel has form here. It claims to have been India’s most preferred English news destination for election results for the past 20 years, covering everything from the 2024 general elections to the Delhi, Maharashtra, Bihar and BMC polls on the back of what it calls an “Always First, Always Right” record. Five states, one day, and a nation waiting for answers. The clock starts at 7am on 4th May.
