DuPont says may sell or spin off paint pigments business

Reuters

Chemicals maker DuPont said it was looking to sell or spin off its performance chemicals unit, which includes its paint pigments business.

The company reported a 13 percent drop in net income to $1.03 billion, or $1.11 per share, in the second quarter, from $1.18 billion, or $1.23 per share, a year earlier.

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Net sales at DuPont, the largest U.S. chemical maker by market value, fell 1 percent to $9.8 billion.

(Reporting by Swetha Gopinath and Garima Goel in Bangalore; Editing by Saumyadeb Chakrabarty)