AkzoNobel grows 2010 profits after reversing loss in Q4

摘要

AkzoNobel reversed 2009 fourth quarter losses with a net profit of ?162 million in the fourth quarter of 2010, pushing full-year earnings up 165%, thanks to improved demand in some businesses, acquisitions, divestments and lower operational costs. Volumes at the world's largest paint maker grew, particularly in performance coatings and speciality chemicals. Restructuring costs were considerably lower in 2010 at ?120 million compared to ?349 million in 2009.