Arab Today, arab today dutchswedish firm akzonobel posts small profit rises
Last Updated : GMT 21:23:30
Arab Today, arab today
Arab Today, arab today

Gloomy economic outlook amid €45.16 share drops

Dutch-Swedish firm AkzoNobel posts small profit rises

Arab Today, arab today

Arab Today, arab today Dutch-Swedish firm AkzoNobel posts small profit rises

Headquartered in Amsterdam, the group has said sales dropped to €3.47bn
The Hague – Arabstoday

Headquartered in Amsterdam, the group has said sales dropped to €3.47bn The Hague – Arabstoday Dutch-Swedish chemicals and paint maker AkzoNobel posted a small rise in net profit for the first quarter of the year despite weak demand in Europe, but said it did not expect an "early improvement" in its main markets.Net profit stood at €89m ($116m),

up by 6.0 percent from the first quarter of 2012, and was mainly driven by the fact that the group paid €21m less in income tax compared with the same period a year earlier.Headquartered in Amsterdam, the group said in a statement that sales fell by 7.0 percent to €3.47bn, while operating income slumped by 8.0 percent.Prospects remained gloomy, AkzoNobel added, though cash from the sale of its decorative paints division to US-based PPG in a $1.05bn deal earlier this month would be reported in the second quarter."The economic environment remains challenging and we do not expect an early improvement in the trends that we see in our businesses," the company's chief financial officer Keith Nichols said.Investors punished AkzoNobel's results, with shares in the company losing 3.9 percent to €45.16 in mid-morning trade on the Amsterdam stock exchange.The group posted losses in all three of its divisions -- decorative paints, performance coatings and speciality chemicals.AkzoNobel said that production in its chemicals arm was interrupted by a fire at one of its plants in the United States and blamed a colder than normal start to the year for slowing recovery in demand for agriculture-related products.The group, which employs 55,000 people around the world, produces specialist paints and other chemical products used to make detergents, paper and asphalt.

arabstoday
arabstoday

GMT 15:23 2017 Sunday ,24 September

Saudi Arabia to include low-cost Flyadeal

GMT 08:17 2017 Sunday ,24 September

Brexit weighs heavy at Irish farming fair

GMT 08:07 2017 Sunday ,24 September

Petrol prices pumped up in Pyongyang

GMT 08:45 2017 Saturday ,23 September

Russia keen on more OPEC cooperation

GMT 03:50 2017 Saturday ,23 September

Oil prices witness notable increase before OPEC meeting

GMT 07:01 2017 Friday ,22 September

Hack of US regulator a blow to confidence
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dutchswedish firm akzonobel posts small profit rises Arab Today, arab today dutchswedish firm akzonobel posts small profit rises

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dutchswedish firm akzonobel posts small profit rises Arab Today, arab today dutchswedish firm akzonobel posts small profit rises

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday