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High increase of DuPont profits

The U.S. chemical group DuPont announced almost threefold increase in its net profit for the quarter thanks to a jump in sales, in addition, increased its forecast for annual profit. For the period April to June the company had a profit of 1.16 billion dollars against 421 million dollars a year earlier, transmits AP. Earnings per share was 1.17 dollars with an average forecast of analysts for 93 cents cash. For the year DuPont expects earnings per share of 2.90 to 3.05 dollars with an average market forecast of 2.64 dollars for experts in number. In April the company had already raised every year forecast to 2.50 to 2.70 dollars per share following strong first quarter of 2010. In the second quarter had a positive impact on sales increase by 26% yoy to 8.6 billion dollars, which was also above average expectations (8.23 billion dollars). Performance is reported in all divisions of the group states that its business has returned to levels before the crisis. In 2009 DuPont made savings of over one billion dollars and cut more than 2 thousand jobs.
Following disclosure of the results the company's shares started to get up, at the time of pre-trading in New York they increase by over 4 per cent.