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Paints and coatings maker AkzoNobel India on Thursday reported an 88 per cent year-on-year increase in its net profit for 2014-15 third quarter at ₹51 crore.
The company’s net profit in the same quarter last year stood at ₹27 crore.
Revenue up 5%The company’s total revenue for the third quarter grew 5 per cent to ₹687 crore from ₹656 crore in the same quarter last year.
The company also announced the appointment of Kimsuka Narimhan, Chief Financial Officer, PepsiCo India, as an Independent Director.
Jayakumar Krishnaswamy, Managing Director, AkzoNobel India said, “AkzoNobel India’s improved business performance is led by both, a robust growth in sales of high-performance products as well as a continued focus on cost management, supplemented by soft input prices, especially the crude-linked ones.”
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