July 26, 2016 / 10:10 AM / 3 years ago

DuPont profit rises 8.5 percent as costs fall

July 26(Reuters) - Chemicals and seeds producer DuPont reported an 8.5 percent rise in quarterly profit, helped by lower costs.

Net income attributable to the company rose to $1.02 billion, or $1.16 per share, in the second quarter ended June 30 from $940 million, or $1.03 per share, a year earlier.

Net sales fell 0.8 percent to $7.06 billion, the company said on Tuesday.

DuPont is merging with Dow Chemical Co in an all-stock deal - a first step toward breaking up the combined company into three separate businesses focused on agriculture, material science and specialty products. (Reporting by Swetha Gopinath in Bengaluru; Editing by Sriraj Kalluvila)

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