ICI is to cut a further 1,300 jobs due to difficult trading conditions.
Its third-quarter pre-tax profits, before one-off costs, were £108 million sterling. This compares with £122 million in the same period last year. Turnover sank to £1.6 billion, from £1.7 billion last time.
The chemical giant's net debt remains at £3.1 billion. The company says the job cuts will save it £60 million a year.
PA