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.

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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.