By Maarten van Tartwijk
AMSTERDAM--Dutch paint and chemicals company AkzoNobel NV
Thursday reported a fourth-quarter net profit of 7 million euros
($8 million) down from a net profit of EUR51 million in the same
period a year earlier.
AkzoNobel, whose paint brands include Dulux and Sikkens, said
revenue rose 1% to EUR3.52 billion largely because of currency
tailwinds. Operating income fell 28% to EUR83 million, but more
than tripled to EUR169 million when excluding the impact of special
items such as provisions and divestments, the company said.
AkzoNobel said restructuring efforts put it on track to meet its
financial targets for 2015, even as last year's results were
pressured by a stagnant European economy and a slowdown in parts of
Asia and Latin America.
The company declared a dividend of EUR1.45 a share, unchanged
from a year earlier.
Write to Maarten van Tartwijk at maarten.vanartwijk@wsj.com
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