Akzo Nobel Q1 Profit Climbs 45%, On Track To Deliver 2015 Targets - Quick Facts

(RTTNews) - Dutch paint maker Akzo Nobel NV (AKZOY.PK, AKZOY) Thursday said profit attributable to shareholders of the company for the first quarter increased to 129 million euros from 89 million euros in the previous year, mainly due to lower financing expenses.

Earnings per share from total operations was 0.53 euro, compared to 0.37 euro in the same quarter last year.

Adjusted earnings per share totaled 0.61 euro while it amounted to 0.51 euro last year.

Revenue from continuing operations slipped to 3.383 billion euros from 3.465 billion euros in the prior year, amid adverse currency effects.

The company said a final dividend for 2013 of 1.12 euros per share is proposed, which would make a total 2013 dividend of 1.45 euros per share, flat with last year.

Akzo Nobel said it is on track to deliver 2015 targets, despite expected continued fragile economic environment and volatile currencies in 2014.