DuPont sees profits plummet

February 17, 2009 | Filed under: National | Posted by: Melvin Wylie

Tuesday, January 27, 2009

WILMINGTON, DE — JanSan chemical giant DuPont reported a net loss of $629 million in the fiscal fourth quarter, according to MarketWatch.

Quarterly revenue fell to $6.07 billion, down from $6.98 billion in the year ago quarter, the story stated.

Shares dropped in value by 70 cents, in stark contrast to the 60 cents a share profit seen one year ago, the story noted.

Ellen Kullman, DuPont’s new chief executive, said: “We do not underestimate the difficulties presented by the current environment.”

DuPont has been hurt by the financial crisis that badly bruised many of its customers, the story added.