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DuPont Exec Says Profit Recovery May Take Three Years
8:53 AM MDT | October 8, 2009 | Robert Westervelt
A senior DuPont official says that he expects it will take about two and one-half to three years for DuPont to return to 2008 profit levels. â€¨ Mark P. Vergnano, DuPont executive v.p., made the comment at an investor meeting earlier this wee. He adds that the expectation includes the loss of income from its pharmaceutical segment. â€¨DuPont posted net income of $2 billion in 2008, a 33% decline from prior-year levels. Revenues were $30.5 billion, a 4% increase over 2007 levels. DuPont’s pharma unit contributed pre-tax operating income of $1.03...
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