DuPont expects strong second half from China reopening

DuPont forecast annual sales of US$12.3bil (RM52.9bil) to US$12.9bil (RM55.48bil), compared with estimates of US$12.91bil (RM55.52bil), according to Refinitiv IBES data. — Reuters

NEW YORK: DuPont de Nemours Inc projects its results to improve in the second half of the year from steadying consumer electronics demand, normalised inventory levels and China’s reopening.

China, which accounts for 20% of DuPont’s sales, has eased its zero-Covid policy that had put it at odds with the rest of the world and exacted an economic toll. The country lifted the restrictions in December, but then saw an increase in infections.