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Akzo Nobel reports 67% jump in Q2 net profit

26 Oct 2012 Evaluate

Akzo Nobel India has reported results for second quarter ended September 30, 2012.

The company has registered growth of 67.27% in its net profit after tax at Rs 44.01 crore for the quarter ended September 30, 2012 as compared to Rs 26.31crore for the same quarter in the previous year. Total income from operation has increased by 72.24% at Rs 523.41 crore for quarter under review as compared to Rs 303.89 crore for the quarter ended September 30, 2011.

Akzo Nobel India (formerly ICI India) is engaged in manufacturing and marketing of paints, speciality chemicals, adhesives and starch. The company's origin goes way back in 1926 when Brunner Mond & Co, one of the four companies was combined to form ICI in UK. This company operated as a trading office in Calcutta to sell alkalis and dyes.

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