October 23, 2019 / 5:14 AM / 22 days ago

Akzo Nobel announces new share buyback as Q3 core profit jumps 23%

AMSTERDAM, Oct 23 (Reuters) - Dutch paints and coatings maker Akzo Nobel on Wednesday announced a new 500 million euros ($556 million) share buyback, as cost savings and higher prices helped drive up its third-quarter core profit by 23%.

Akzo reported an adjusted operating income of 300 million euros for the three months through September, versus an average prediction of 301.8 million euros from analysts polled by the company. ($1=0.8992 euros) (Reporting by Bart Meijer; Editing by Clarence Fernandez)

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