DuPont reports record sales

27 January 2000

DuPont reports record sales

US chemicals and agribusiness group DuPont came in above Wall Street forecasts with record sales in the fourth-quarter.

But underlying fourth-quarter profit was down — to $583 million, compared with $682m last time — because of lower selling prices and costs.

Total sales for the quarter were up 17% at $7.1bn. The group booked a $2.2bn charge to write off research and development costs at the recently acquired seed company Pioneer Hi-Bred International.

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