Philips (NYSE:PHG) posted 2012 profits on a strong contribution from its healthcare business, its largest segment, sending share prices for the Dutch parent company up 1.7% today on Wall Street.

Philips Healthcare reported income from operations of $1.48 billion (€1.12 billion) on sales of $13.17 billion (€9.98 billion), for whopping bottom-line growth of more than 1,106% and top-line growth of $12.8% last year, compared with 2011.

Philips overall reported profits of $304.7 million (€231 million), or 32¢ (€0.24) per share, on sales of $32.69 billion (€24.79 billion) for the year, marking a swing from losses of $1.71 billion (€1.30 billion) and making for 9.8% top-line growth.

"Healthcare did well in 2012, recording 6% comparable sales growth, as well as – importantly – improved profitability at its imaging systems business," CEO Franz van Houten said in prepared remarks.

PHG shares were trading at $28.32 apiece as of about 11:20 a.m. today, up 1.8%.