Articles Tagged with ''financial results''

The company’s second quarter results deliver on expectations with resilient volumes, profits up, and a strong free cash flow.

"Overall, we have recorded significant improvement in margins, both sequentially as well as on year‐on‐year basis, aided by strong efforts on driving operational, formulation and sourcing efficiencies and supported by easing inflation in raw material prices,” said Amit Syngle, Managing Director & CEO of Asian Paints Limited.

This marks the company’s 500th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899.

Results show that the second quarter was only slightly better than the first as a result of an economic environment that remains difficult.

Despite a difficult first quarter, the company has confirmed an earnings forecast at the lower end of the range for the year. 

The company’s performance summary includes revenue of US$4B, an increase of 3% quarter-over-quarter, and a decline of 9% year-over-year.

AkzoNobel CEO, Greg Poux-Guillaume, commented, “In the first quarter of 2023, our key markets proved to be resilient despite unfavorable macroeconomic conditions.”

Perstorp Holding AB, the parent company of specialty chemicals company Perstorp, announced its results for the first quarter of 2022.

Nouryon recently reported full-year 2021 results with revenue of $4.9 billion, an increase of 17% year over year, driven by volume growth and pricing actions.