CHEMICALS company ICI yesterday said its profits had risen by 18 per cent in the past three months.
The company, which will be bought by Dutch firm Azko Nobel in an £8bn deal, said its profits for the third quarter were £177m.
Turnover also rose to £1.26bn for the period, compared with £1.24bn year-on-year.
ICI employs about 100 people in research and development on Teesside, but had up to 80,000 workers in its Sixties heydey.
In August, Akzo agreed to buy Dulux paint maker ICI.
The deal, dependent on shareholders' approval, will be completed on January 2.
John McAdam, chief executive of ICI, said the group expected profits for the fourth quarter to be ahead of expectations.
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