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Akzo Nobel Posts Q3 Net Loss

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Akzo Nobel NV (OTC: AKZOY) posted a net loss in the third quarter.

Akzo Nobel posted a quarterly net loss of 2.36 billion euros ($3.1 billion), versus a year-ago net profit of EUR148 million.

Its revenue rose 6% to EUR4.28 billion, while volumes fell 3%. Akzo Nobel's earnings before exceptional items and depreciation climbed 7% to EUR540 million.

Akzo Nobel shares closed at $19.39 yesterday.

Posted-In: lossEarnings News

 

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