India, Feb. 19 -- Shares of Royal Philips N.V. were losing around 12 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE, after the Dutch consumer electronics giant reported Wednesday a loss in its fourth quarter, compared to prior year's profit, amid nearly flat sales. Further, amid ongoing weakness in China, the company projects lower margin and comparable sales in its first quarter, while results will be higher in fiscal 2025.
Roy Jakobs, CEO of Royal Philips, said, "Despite double-digit declines in demand in both consumer and health systems in China, we returned to positive order growth and continued to drive margin expansion and cash-flow generation. . Within a persistently challenging macro envir...