Dutch electronics giant Philips reported Monday a three-fold rise in third-quarter net income to 524 million euros (728 million dollars), due partly to rising emerging market sales.
"We ... continued on our growth path in emerging markets, with 19 percent nominal and seven percent comparable sales growth," Philips president Gerard Kleisterlee said in a statement.
"This means that we now generate more than one-third of our sales in these markets."
The income statement was boosted by 154 million euros from the sale of Philips' remaining stake in semi-conductor manufacturer NXP to the Philips UK pension fund.
Philips said comparable sales for mature markets, "in a still fragile economic environment", declined by one percent.
Overall sales grew from 5.6 billion euros a year ago to 6.2 billion euros, with a four percent increase in comparable sales figures for healthcare products and seven percent in lighting, the company said.