Dutch paint and chemical company Akzo Nobel reported on Tuesday that its third quarter profit, before interest and tax, was up 11% on the same period last year to €244m.
The result was below analysts’ expectations of €255m, reports ANP news service.
The company’s turnover in the third quarter was 2% higher at €2.6bn due largely to autonomous growth of 5%.
The chemical division performed particularly well with a 5% increase in turnover while the paints unit booked a 3% increase.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation