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Akzo Nobel India profit at Rs.89 crore, up 35%

By Niranjan Mudholkar,

Added 08 August 2019

Profit after tax at Rs.57 crore, up 31%

akzonobel

The company continues to focus on delivering consistent profit growth through improved product mix and cost control

Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited financial results for the quarter ended June 30, 2019. Rajiv Rajgopal, Managing Director, AkzoNobel India: “The company continues to:

• focus on delivering consistent profit growth through improved product mix and cost control;

• see growth in decorative paints and protective coatings. However, slowdown in automotive industry and other industrial segments has impacted the overall revenue

growth; and

• make progress in its CSR/ Sustainability agenda across painter training, education, road safety and healthcare programmes.”

AkzoNobel India set up e-Health clinics in Bengaluru, benefiting over 1,500 people from economically weaker sections of society, recognized by the company’s global “Winning Together Awards”. In addition, AkzoNobel India has also been awarded the prestigious Golden Globe Tigers award for skill development initiatives.

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