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Kolkata-based Akzo Noble India reported a net profit of Rs 35 crore for the quarter ending June 30 this year. Sales for the period stood at Rs 562 crore, a 2 per cent increase over the Rs 550 crore it reported over the corresponding quarter last fiscal.
According to a release issued by the company, “profit after tax for the quarter is not comparable with the corresponding quarter on account of exceptional items” in the corresponding quarter of 2012 and "change in the maturity profile of investments".
The Rs 10-stock of Akzo Nobel was trading at Rs 862, down by nearly 3 per cent, at the BSE at 3 pm on Thursday.
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