October 17, 2018 / 5:22 AM / a month ago

Akzo Nobel's quarterly core profit increases, sales decline

AMSTERDAM, Oct 17 (Reuters) - Dutch paints and coatings maker Akzo Nobel said on Wednesday its core profit rose 8 percent in the third quarter to 243 million euros ($280.7 million), helped by higher prices and cost savings.

Analysts polled by Reuters had predicted an adjusted operating income of 241 million euro. Sales declined 4 percent to 2.33 billion euros, missing the estimate of a 2 percent rise to 2.48 billion euros. ($1 = 0.8657 euros) (Reporting by Bart Meijer; Editing by Muralikumar Anantharaman)

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