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BREAKING NEWS

Light maker Signify's second-quarter core profit improves on cost savings

Light maker Signify's second-quarter core profit improves on cost savings
FILE PHOTO: Signify logo is pictured at the headquarters in Eindhoven, Netherlands August 30, 2018. REUTERS/Piroschka van de Wouw -
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Piroschka Van De Wouw(Reuters)
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AMSTERDAM (Reuters) – Signify NV <LIGHT.AS>, the world’s biggest maker of lights, on Friday reported a 2% rise in second-quarter core profit to 133 million euros ( £119.15 million ), as cost savings compensated for falling sales.

Analysts polled by the company on average had predicted adjusted earnings before interest, taxes, and amortisation (EBITA) of 138 million euros, after a 130 million euros result a year earlier.

(Reporting by Bart Meijer; editing by Christian Schmollinger)

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