Gurgaon, February 14, 2012
Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited results for the quarter ended December 31, 2011.
Unaudited financial results - Performance Highlights
AKZO NOBEL INDIA LIMITED (Q3 FY 2011-12 as compared to Q3 FY 2010-11)
- Total income for the quarter is Rs 3713 million, compared to a total income of Rs 3007 million; a YoY growth of 23%
-Profit before tax (PBT) for the quarter is Rs 360 million, marginal increase compared to previous year at Rs 355 million (before exceptional items.)
- Profit after tax (PAT) for the quarter is Rs 293 million; a YoY decline of 24%, but not comparable in view of exceptional income from sale of Speciality Starches business in the previous year
About Akzo Nobel India Limited
Present in India for 100 years and a significant player in the Paints industry, the Company has primarily operated under the ‘Dulux’ brand name. Over the years, it witnessed sustained expansion, growth and transformation. In 2008, Akzo Nobel N.V. became owner of the entire equity share capital of Imperial Chemical Industries Ltd., by virtue of which the Company became a member of the AkzoNobel Group. Akzo Nobel India manufactures and markets paints and specialty chemicals. With employee strength of about 1100, Akzo Nobel India has manufacturing sites, offices and distribution network spread across the country. Its commitment to Health, Safety, Environment & Security (HSE&S) has been amongst the best in class globally, with due care being taken to protect the people and the environment.
Country Communications, Akzo Nobel India:
Humsa Dhir, email@example.com;
Investor Relations, Akzo Nobel India:
R Guha, firstname.lastname@example.org; +91-124-2540400
Safe Harbour Statement:
This press release contains statements which address such key issues as Akzo Nobel’s growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures.