Akzo Nobel N.V. (AKZOY, AKZOY.PK) reported that its first-quarter profit before tax from continuing operations decreased to 157 million euros from 190 million euros prior year. Net income from continuing operations decreased to 96 million euros or 0.40 euros per share, from 110 million euros or 0.47 euros per share prior year. Net income attributable to shareholders increased to 89 million euros from 84 million euros last year. Profit per share from total operations rose to 0.37 euros from 0.36 euros last year.
Revenue decreased to 3.465 billion euros from 3.707 billion euros last year. Adjusted earnings per share was 0.51 euros, compared to 0.65 euros prior year. The company reported a 7 percent revenue decrease due to weak demand in European markets and divestments. Operating income was 8 percent lower at 217 million euros.
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