Business News
Du Pont: Shareholder Update Letter Outlines Progress, Plans
Wednesday 23. January 2008 - In a letter to shareholders posted today, DuPont Chairman and CEO Chad Holliday highlighted the company's recent improvements in profitability, return on capital and productivity.
Chad also outlined how the company plans to achieve higher profitability in 2008 and beyond by making advances in agriculture, safety and protection, emerging markets and cost productivity.
“We are confident we can deliver attractive growth in earnings in 2008, and see even stronger growth in the years to follow – continuing our improvement of the last three years,” Chad said.
“We recognize that these are challenging times, as the macroeconomic and global political environment creates concerns among investors about the outlook for business profitability and growth for companies across the industrial, consumer and service sectors,” Chad said. “While such concerns are real, the multi-year transformation of DuPont and our improved performance have put us in a better position to meet these challenges.”