The company's net sales for the quarter were $ 1.091 billion, up 7.0% year-on-year, with favorable currency exchange rate contribution of 1.9%, which was calculated at fixed currency exchange rate Net sales increased 5.1%, mergers and acquisitions to enhance sales of 9.7%, but sales fell 3.9% over the same period last year, the average selling price of 0.7%.
Net profit for the quarter was $ 54.9 million, compared to a net loss of $ 6.6 million for the same period in 2016, mainly due to the absence of debt cancellation and financing related costs for the current year. The adjusted net profit for the quarter was $ 65 million, compared with 2016 Year decline of $ 86.6 million, mainly due to lower sales in North America and rising raw material costs.
Third quarter adjusted EBITDA profit of $ 209.5 million, while the 2016 compared with $ 240.4 million over the same period, the result is mainly due to high-performance coatings business unit to face the high cost of raw materials and transportation coatings business unit sales price decline, The cost savings of the Company's operating improvement measures and the recent contribution of the acquisition partially offset the above negative factors.