Net profit was $220 million, up from the same period a year ago, when Philips booked a euro54 million loss on the television business.
Sales rose 3.4 percent to euro6.13 billion. Philips, the world's largest lighting maker, said nearly a quarter of all lights sold are now LEDs. The company's performance differed strongly by geography.
In mature economies sales of consumer products and lighting sales dipped but sales of medical imaging machines grew.
In developing economies sales were up 10 percent in all categories, Philips said.
(Copyright 2012 by The Associated Press. All Rights Reserved.)