DuPont sales fall 5.5 pct in 1st quarter

Mon Apr 25, 2016 9:24pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

April 25 (Reuters) - Chemicals and seed producer DuPont reported a 5.5 percent fall in first-quarter sales, mainly due to the strong dollar.

Net income attributable to the company rose to $ 1.23 billion, or $1.39 per share, in the first quarter, from $1.03 billion, or $1.13 per share, a year earlier.

Net sales fell to $7.41 billion from $7.84 billion.

DuPont and Dow Chemical Co agreed to merge in an all-stock deal in December in a first step toward breaking up into three separate businesses focused on agriculture, material science and specialty products. (Reporting by Subrat Pantnaik and Amrutha Gayathri in Bengaluru; Editing by Leslie Adler)