January 30, 2020 / 11:13 AM / 2 months ago

RPT-DuPont adjusted profit falls 36% on weaker prices

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Jan 28 (Reuters) - Industrial materials maker DuPont reported a 36% fall in fourth-quarter adjusted profit, hit by further declines in nylon pricing and weakness in its automotive business.

The company’s adjusted profit fell to $704 million, or 95 cents per share, in the fourth quarter ended Dec. 31, from $1.01 billion, or $1.43 per share, a year earlier.

Net sales fell 5% to $5.2 billion. (Reporting by Taru Jain in Bengaluru Editing by Saumyadeb Chakrabarty)

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