US chemical company DuPont's (NYSE: DD) second quarter 2010 sales in Latin America increased 20% year-on-year to US$700mn, the company said in a statement.Latin America accounted for 8% of DuPont's global revenues, while sales in emerging markets together climbed 32% in the period.
Global sales were US$8.62bn in Q2, up 26% compared with US$6.86bn in the prior-year period, attributed to 21% higher volume, 5% higher local selling prices, 1% benefit from currency and 1% reduction from portfolio changes.
All segments had double-digit sales increases, the statement said, with more than 25%volume growth in electronics and communications, performance materials, and safety and protection segments.
Net income attributable to DuPont jumped to US$1.16bn in the period versus US$417mn in 2Q09.
As a result, the firm increased its full-year earnings guidance to US$2.90-US$3.05 per share, excluding significant items, from the previous US$2.50-US$2.70.
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