ICI's profit falls but beats expectations

Article Abstract:

Imperial Chemical Industries PLC (ICI) posted higher-than-expected earnings for the first-half of 1999. ICI's share value increased by 7.7% as a result. The company also said that it would downsize its central administrative staff by as much as two-thirds. This comes out to a drop to 300 workers from 900. ICI, a chemical firm based in Great Britain, is also planning to transfer out of its headquarters building in London. ICI posted 166 million pound sterling (252.9 million euros) in pretax profits for the period.

Comment:

Posts higher-than-expected earnings for first-half of 1999

Chemicals & Allied Products, Chemical Manufacturing, Chemicals, Abstract

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ICI profit is set to fall in quarter as sales sag

Article Abstract:

Imperial Chemical Industries PLC (ICI) is expecting to post lower profits for the 2003 first quarter. The company also said that the chief executive of its Quest unit, Paul Drechsler, has resigned from his post.

Executive changes & profiles, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Flavoring extracts and syrups, not elsewhere classified, Flavoring Extracts & Syrups, Flavoring Syrup and Concentrate Manufacturing, Officials and employees, Appointments, resignations and dismissals, Flavoring essences, Flavorings, Subsidiaries, divisions and units, Drechsler, Paul, Quest

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Higher petrochemical prices, weak food sales brings a loss

Article Abstract:

Imperial Chemical Industries PLC posted a pretax loss of 32 million pounds (46 million euros) for 2003 first quarter. The company was hurt by slow food sales and by increasing petrochemical prices.

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