Chemical company DowDuPont increased profit 2.5 times in 2018

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The net profit of a major American chemical company, DowDuPont, increased 2.5 times compared with 2017 and amounted to $3.999 billion. Diluted earnings per share increased to $1.65 compared to $0.91 in 2017. The company increased revenue by 37.6% to $85.977 billion. In the fourth quarter of 2018, net profit amounted to $513 million, while in 2017 DowDuPont recorded a loss of $1.216 billion. Profit per share exceeded $0.2 against a loss of $0.54 over the earnings period of 2017. Quarterly revenue was 0.2% more than in 2017 and amounted to $20.099 billion. In the summer of 2017, a merger was held between DuPont and Dow Chemical. The head of DowDuPont, Ed Brin, believes that the company managed to achieve high performance thanks to the merger.

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