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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Akzo Nobel NV | EU:AKZA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.22 | -0.35% | 62.10 | 62.00 | 62.34 | 62.96 | 61.70 | 62.38 | 362,831 | 16:40:00 |
From Jun 2019 to Jun 2024
By Carlo Martuscelli
Akzo Nobel NV (AKZA.AE) said Wednesday that third-quarter net income from continuing operations rose 23% as costs fell and that it sees continued raw-material inflation for the rest of the year.
The company said that net income from continuing operations was 149 million euros ($172.5 million) for the quarter, compared with EUR121 million the year-before period. Revenue from continuing operations decreased 3.8% to EUR2.33 billion, missing the company-provided consensus forecast of EUR2.43 billion, but was flat at constant currency. General and administrative expenses fell 7.3% to EUR763 million, it said.
Akzo Nobel said that volumes decreased 6% as the company focused on value.
The Dutch paints company declared an interim dividend of EUR0.37 pence.
"Raw material inflation is projected to continue for the remainder of 2018, although at a slower rate than during the start of the year," Akzo Nobel said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
October 17, 2018 01:43 ET (05:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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