Dupont profit doubled on insecticide sales, early demand for seeds

Tue Jan 28, 2014 6:09am EST

Jan 28 (Reuters) - DuPont's fourth-quarter profit doubled, driven by strong insecticide sales in Latin America and earlier seed shipments in North America, and the company announced a new $5 billion share buyback program.

The net income attributable to DuPont rose to $185 million, or 20 cents per share, in the fourth quarter ended Dec. 31, from $92 million, or 9 cents per share, a year earlier.

Revenue at the largest U.S. chemical maker by market value rose 3.5 percent to $7.84 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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