By Rory Gallivan

Dutch chemicals company Akzo Nobel N.V. (AKZA.AE) Wednesday reported a rise in its fourth quarter net profit for calendar year 2016 and said it is keeping its guidance for the next two years unchanged.

The maker of Dulux paint and the building material Polyfilla reported a net profit of 203 million euros ($215 million) for the quarter, up from EUR133 million in the same quarter a year ago, on revenue of EUR3.56 billion, up from EUR3.46 billion.

The company also raised its full year dividend to EUR1.65 from EUR1.55 and said it is maintaining previously outlined financial guidance up to 2018.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

February 15, 2017 02:02 ET (07:02 GMT)

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