Akzo Nobel India witnesses growth in 2018-19
The Board of Directors of Akzo Nobel India Limited approved the financial results for the quarter and year ended March 31, 2019.
- Revenue from operations at ₹706 crores grew 3% over the previous year on a comparable basis
- Profit from operations at ₹99 crores grew 51% over the previous year
It should be noted that the above figures quoted relate to continuing operations and Profit from operations relate to continuing operations before exceptional items and tax.
Amit Jain, Chairman, AkzoNobel India, said, “Our transformation plans for creating a more fit-for-purpose organization are on track and I am glad that the new management team is taking steps in the right direction to improve profitability as per company’s strategy. Considering the performance of the company, the Board has recommended a higher dividend of ₹ 24 per share which will be paid after the approval of the shareholders.
As part of ‘AkzoNobel Cares’ program, we are proud to care for communities. We launched E- Health clinics in Begur and six adjoining villages of Hoskote (Bengaluru rural district) to provide access to healthcare to more than 1500 residents. This project won AkzoNobel’s Global ‘Winning Together’ Award.”