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Markets :: Specialty Chemicals :: Paints and Coatings
Tikkurila's quarterly net loss unchanged
9:50 AM MST | February 15, 2013 | Ian Young
Tikkurila (Vantaa, Finland), a paints and coatings company, reported a net loss of €4.6 million ($6.2 million) in the fourth quarter of 2012 compared with a loss of €5 million in the corresponding quarter of 2011, on sales up 2%, to €121.8 million. The company also reported a fourth-quarter operating loss excluding nonrecurring items of €3.2 million compared with an operating loss of €2.3 million a year earlier. Tikkurila expects full-year 2013 Ebit excluding nonrecurring items, and sales, to be at the same level as the €73.9...
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