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Dupont Fourth Quarter 2007 Agriculture & Nutrition Performance
Jan. 23, 2008
Agriculture & Nutrition
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Fourth quarter sales increased USD 237 million to USD 1.3 billion with strong sales growth in all regions. Brazil delivered record revenue and earnings growth this selling season, which was driven by robust demand for Pioneer® brand seed with superior yield, advantaged market channel capabilities and market share gains.
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A seasonal PTOI loss of USD 89 million reflected an improvement of USD 59 million versus the prior-year quarter. Earnings gains were driven by strong sales, improved margins, and cost productivity improvements, moderated by planned growth investments. 2007 PTOI includes a gain of USD 15 million relating to the divestiture of certain crop chemical assets.
Source: Dupont News
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