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Royal Phillips inks $34.9M deal


Published : Mon, 29 Jan 2007 23:16
By : Agencies
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NEW YORK (AFX) - Royal Phillips Electronics said Monday it signed a 27 million euro ($34.9 million) deal with Chinese wholesaler Ascent Profit to deliver 200 DigitalDiagnost radiography systems to hospitals in China.

The Netherlands-based company did not say when the systems would be distributed.

Shares of Royal Phillips fell 34 cents to $38.41 on the New York Stock Exchange in afternoon trading.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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