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DowDuPont Q2 profit climbs 21.4% YOY

DowDuPont Inc. said its second-quarter normalized net income amounted to 82 cents per share, an increase of 16.2% from 71 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.03 billion, an increase of 21.4% from $847.6 million in the prior-year period.

The normalized profit margin increased to 8.0% from 5.7% in the year-earlier period.

Total revenue declined 13.5% on an annual basis to $12.91 billion from $14.92 billion, and total operating expenses decreased 16.0% on an annual basis to $11.42 billion from $13.59 billion.

Reported net income rose 39.0% from the prior-year period to $1.21 billion, or 97 cents per share, from $872.5 million, or 73 cents per share.