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Unaudited financial results - Performance Highlights

11-16-2011 07:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Dulux

AKZO NOBEL INDIA LIMITED (Q2 FY 2011-12 as compared to Q2 FY 2010-11)

Total income for the quarter is 3015 million rupees as compared to a total income of 2393 million rupees; a QoQ growth of 26%

Profit before tax (PBT) for the quarter is 323 million rupees as compared to a PBT of 449 million rupees; a QoQ decline of 28%

Profit after tax (PAT) for the quarter is 263 million rupees as compared to a PAT of 365 million rupees; a QoQ decline of 28%

Comments

Amit Jain, Managing Director, Akzo Nobel India Limited
“Our strategy on investing for sustainable growth is yielding results even though the company continues to face cost challenges which are being duly addressed. An investment of about 480 million rupees in our Hyderabad factory has augmented our total manufacturing capacity in India by about 30%.”

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.

About Akzo Nobel N.V.
AkzoNobel is the largest global paints and Coatings Company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today™. For more information please visit our website
www.akzonobel.com

Media Contacts
Country Communications, Akzo Nobel India:
Humsa Dhir, humsa.dhir@akzonobel.com; +91-124-4852538

Investor Relations, Akzo Nobel India:
R Guha, investor.india@akzonobel.com; +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.

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