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AkzoNobel headquarters

Update Lower costs help lift AkzoNobel’s Q3 profit, but sales down 2%

(Adds information on divisions’ performance)

LONDON (ICIS)--AkzoNobel's third-quarter net profit increased 32% year on year to €205m, backed by lower costs and a strong performance from its specialty chemicals segment, the Dutch producer said on Tuesday.

However, the strong profit growth comes despite a general fall in revenues for the three months ending in September, slipping 2% to €3.69bn, the company said.

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