Wednesday July 30, 2014


QUESTION OF THE WEEK

Survey results are meant for general information only, and are not based on recognised statistical methods.



Home »  News »  Business

Akzo Nobel says performance improvement program ahead of track as Q4 loss narrows

AMSTERDAM - Chemicals and paint maker Akzo Nobel says its performance improvement program is ahead of track as it reported a narrowing in its fourth quarter loss.

The company says its net loss of 59 million ($78.8 million) during the period was better than the 68 million loss it recorded a year earlier when Europe's financial crisis really dented demand.

It adds that revenue for the quarter rose 3 per cent to 3.7 billion and that it exceeded its 2012 targets with regard to its plan to improve competitiveness.

Chief Executive Ton Buechner says the company "delivered a strong set of results in difficult markets."

For the full year, Akzo made a net loss of 2.17 billion after taking a 2.1 billion charge. In 2011, it made a profit of 477 million.


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Alaska Highway News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus


About Us | Advertise | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?