USA USA Dutch chemical company AkzoNobel lost $9.3 million in the first three months of the year, compared with a profit of $140.5 million in the same period in 2007, according to a statement.The firm, which in 2007 bought its British counterpart ICI, obtained a gross operating profit (EBITDA) of US$396.3 million, which was a reduction of 33% compared to the US$591.8 million registered during the first quarter of the previous year.
Net operating profit (EBIT) stood at US$190.1 million, 50% less than the US$382.9 million achieved a year earlier.
Turnover fell by 13 percent, to US $ 4,381 million, specified the company, which has detected during the month of March slight signs of market recovery in some of its sectors.
"The future is still uncertain, although in March there have been signs of a possible stabilization of the situation in some of our markets," said the Chairman of the Board of Directors, Hans Wijers.
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