Home » Philips Count $1.7Bn Loss, Blames ‘Weak’ MarketsPhilips Count $1.7Bn Loss, Blames ‘Weak’ MarketsBy Oonagh Reidy | 31 Dec 1999 SHARE Philips Count $1.7Bn Loss, Blames ‘Weak’ Markets December 31, 1999 by Oonagh Reidy Euro giant reports mixed fortunes: sales were up 4%, led by “strong” growth in Healthcare, and Lighting divisions.