Philips Posts $211M Loss in 4Q; Lighting Sales up 7%

(AP)  AMSTERDAM — Royal Philips Electronics NV, the largest maker of lights by sales, posted a fourth-quarter loss on Monday due to a worse performance by its lighting and health care arms, as well a new charge on its long-suffering television business.

Philips' lighting arm had sales growth of 7 percent and the company said that energy-saving LED lights now account for 18 percent of the total.