‘Stable’ first quarter at Akzo Nobel

Paints and chemicals company Akzo Nobel booked pre-tax earnings of €285m in the first three months of 2008.

The figure, which is better than expected, excludes one-off costs relating to the takeover of British peer ICI. Net profit from ordinary activities was down 4% at €136m while currency effects slowed turnover growth to 1% at €3.5bn.
For the full results, click here

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