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DuPont’s Income Rises on Agricultural and Nutritional Unit

5:40 AM MDT | July 22, 2008 | Kerri Walsh

DuPont reported second-quarter net income up 11%, to about $1.1 billion ($1.18/share), including a 3-cts/share gain from a favorable tax settlement, on sales up 12%, to $8.8 billion. Local selling prices rose 7%, partially offsetting a 15% increase in raw material, energy, and freight costs, DuPont says. Sales outside the U.S. grew 18%, and accounted for 60% of total revenues, the company says. “DuPont captured strong growth in agriculture and emerging markets and grew earnings despite accelerating raw material and energy costs in the second quarter. We are...

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