US crop protection price pressure hits DuPont

23 July 1998

US crop protection price pressure hits DuPont

DUPONT has blamed pricing pressures in the US crop protection market, among other things, for a weaker performance in the second quarter.

It reported a 12% drop in earnings to $1 billion (£600m) before non-recurring items. Sales of $11.1bn were flat when adjusted for divested operations.

The US chemicals and life sciences group warned third-quarter earnings would also fall below last years level.

• Financial Times 23/07/98 page 32
• The Times 23/07/98 page 32