Koninklijke Philips NV reported a net profit for the fourth quarter of 860 million euros ($1.06 billion), a 37% rise compared with EUR626 million a year earlier. "Philips 4Q Net Profit Down, Backs Guidance," at 0631 GMT, misstated the net profit figure and percentage move in the first and second paragraphs. Philips fourth-quarter net profit was EUR860 million, not EUR476 million.

(END) Dow Jones Newswires

January 30, 2018 02:42 ET (07:42 GMT)

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