Financial News

ICI PAINTs’ Sales RISE 5%

September 19, 2005

In the first half of 2005, ICI Paints’ sales rose five percent to £1.12 billion, with particularly strong performance in Asia helping to offset generally weak retail markets in Europe.
In Asia, decorative sales rose 22% with “notable growth” coming from China, India and Pakistan.
In Europe, decorative sales were slightly down, with lower volumes stemming from weakness in retail markets, which offset the benefits of increased selling prices.
In North America, decorative sales rose four percent. In Latin America,