Low sales deter DuPont’s Q1 2016 performance
Published: Wednesday, 27 April 2016
US-based leading chemicals company has registered negative growth in its quarterly results as the company’s total sales dropped by 6% y-o-y- for the first quarter because of strong dollar and low trades; however 7% cut in operating expenses in 2015 mitigates the impact of weak results.
Global chemical company DuPont has reported a 6%
year-on-year (y-o-y) decline in total sales, of $7.4bn, in the
first quarter of 2016, while operating earnings dropped by 4%
y-o-y to $1.1bn.Partial gains in agriculture and...