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Wall Street Journal

Akzo Nobel Posts Lower Profit, Sales on Currency Hit, Tepid Markets

Akzo Nobel AKZA -4.34%decrease; red down pointing triangle reported lower net profit and sales for the second quarter, citing adverse currency headwinds and subdued markets, and lowered its full-year earnings expectations to account for foreign-exchange rates. The Dutch paints company said Tuesday that it made a second-quarter net profit of 124 million euros ($145 million) compared with 177 million euros in the same period last year.