ICI Profit Jumps;

Earnings Hit RecordImperial Chemical Industries PLC, Britain's largest industrial group, announced fourth quarter 1987 pretax profit Thursday of 308 million ($542 million), some 20 million more than in the same 1986 period.

This helped lift ICI's earnings for 1987 to a record 1.31 billion ($2.3 billion), up 29 percent over the previous year's 1.02 billion.

Especially strong growth in Europe, North America and Australia helped push up sales volumes by 11 percent, although 5 percent of this growth was owing to acquisitions, such as that of Stauffer Chemicals in the United States.

Revenue rose 10 percent to 11.1 billion.

ICI Chairman Denys Henderson said strongest growth came from industrial products, where trading profit rose from 458 million to 595 million after especially good performances in the United Kingdom, Europe and Australia.

Union Carbide Posts

Rise in Net Income

DANBURY, Conn. - Union Carbide Corp. reported fourth quarter net income of $23 million, or 17 cents a share, up from $14 million, or 13 cents a share, in the same period a year earlier.

Sales in the fourth quarter rose 16 percent to $1.85 billion from $1.59 billion in 1986.

Net income in 1987 totaled $232 million.