Neville Prior

AkzoNobel Q2 core profit beats expectations

Neville Prior  28 July 2014 10:12:57 PM
AkzoNobel reported higher-than-expected second-quarter earnings, helped by growth in its decorative paints business in Asia and Europe. The Dutch paints and chemicals firm also said it remained on track to meet its 2015 targets despite a fragile economic environment and a strong euro. AkzoNobel reported 7 percent higher quarterly earnings before interest, tax depreciation and amortization (EBITDA) of 509 million euros ($685.27 million) while revenue fell 4 percent to 3.71 billion euros.
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