DuPont Earnings down Year-On-Year

Although all of the firm's five segments recorded increased growth, sales in the agriculture and nutrition arm rose the most — some 23 percent — to $1.3 billion.

DuPont's fourth quarter earnings per share slipped from 94 cents to 60 cents, despite reporting sales of $7 billion.

However, the agriculture firm said today that excluding one-off payments, the share price actually increased from 2006's 45 cents to 57 cents.

Sales were recorded at an 11 percent rise to $7 billion. This reflects a three percent volume growth, DuPont said.

Sales in emerging markets including Brazil, China and India grew by 20 percent, while in the US sales were up by five percent despite the weak housing and automotive markets.

Net income for fourth quarter was $545 million.

Although all of the firm's five segments recorded increased growth, sales in the agriculture and nutrition arm rose the most - some 23 percent - to $1.3bn.

Read the full FoodNavigator-USA.com story here.