Paint and specialty chemicals company Akzo Nobel N.V. AKZA on Wednesday reported a 13% drop in third-quarter adjusted earnings before interest and tax, citing industry headwinds and unfavorable foreign-exchange conditions. The Dutch company, which owns brands including Dulux, Sikkens and Interpon, said that adjusted Ebit, the company's operating income excluding certain items, for the quarter ended Sept. 30 was 383 million euros ($450.6 million) down from EUR442 million in the year earlier period. Revenue rose 1% to EUR3.62 billion. The company also reported that net profit dropped to EUR216 million from EUR285 million in the year-earlier period.via