MOSCOW (MRC) -- US DuPont booked a profit in Q4 after a year-earlier loss as sales dipped, said Reuters.
The U.S. chemicals giant reported diluted EPS in the quarter of USD0.29 after a loss of USD0.26 a year earlier.
Revenues fell 2% from a year earlier to USD5.21 bn in the quarter. Operating EPS almost doubled to USD0.51 from USD0.27.
Q4 performance materials operating earnings USD328 million versus USD281 million.
DuPont noted that its quarterly earnings in 2015 were weighed down by a significant restructuring cost.
DuPont expects to close its merger with US chemical major Dow Chemical in the first half of 2017 and added that, due to the merger, it would only be providing a financial outlook for the first quarter of this year.
DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.
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