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Last Updated: Thursday, 1 November 2007, 09:26 GMT
ICI predicts strong annual profit
Dulux paint

ICI, which is in the process of being taken over by Akzo Nobel, has predicted better-than-expected full-year results after reporting quarterly figures.

The company, which makes Dulux paint, saw its pre-tax profits for the three months to the end of September rise by 18% to 177m ($368m).

ICI agreed in August to be bought by its Dutch rival Akzo Nobel for 8bn.

Akzo Nobel, which makes Crown paint, says it expects to complete the transaction in January.

ICI said that its results for the year to the end of December were now set to be better than earlier forecasts, despite difficult market conditions in North America.

It said trading in Asia and Latin America was buoyant and it expected to make further efficiency savings.

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