RPT-AkzoNobel reports Q3 net loss of 2.4 bln euro on weak Europe

Thu Oct 18, 2012 1:17am EDT

AMSTERDAM Oct 18 (Reuters) - AkzoNobel NV, the world's largest paints maker, on Thursday reported a 2.4 billion euro net loss in the third quarter after taking a 2.5 billion euro impairment charge on its decorative paints business, citing the weak economy in Europe.

It reported third-quarter earnings before interest, tax and depreciation (EBITDA) of 540 million euros on revenue of 4.28 billion euros, in line with analysts' forecasts.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.