ROANOKE TIMES Copyright (c) 1997, Roanoke Times DATE: Saturday, April 26, 1997 TAG: 9704280069 SECTION: BUSINESS PAGE: A-10 EDITION: METRO
Akzo Nobel Inc.
1st qtr. ended 3-31 1997 1996
Revenues $3.0 billion $2.9 billion
Net Income $176.2 million $172.0 million
Share earnings $2.47 $2.42
Akzo Nobel NV is the Dutch parent of Akzo Nobel Coatings Inc. of Roanoke. The company reported the results in Dutch guilder; the figures above are based on current currency exchange rates.
Coastal Corp.
1st qtr. ended 3-31 1997 1996
Revenues $3.21 billion $3.10 billion
Net Income $10.6 million $82.5 million
Share earnings 6 cents 74 cents
Coastal Corp. is the Houston parent of ANR Coal Co. and Coastal Coal Sales Co. of Roanoke. First quarter results include a one-time charge of $90.6 million, or 85 cents per share, related to the refinancing of $798 million of debt.
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