ICI brands profit performance 'unsatisfactory'

Chemicals group ICI today branded its profit performance in 2003 “unsatisfactory”, but said the outlook for demand was encouraging.

London-based ICI said annual pre-tax profits before goodwill and one-off items fell 15% below last year at £341m (€498.2m), with fourth quarter profits 2% below last time at £86m (€125.7m).