US-based chemical company DuPont has reported its financial results for the second quarter ended June 30.

Consolidated net income for the period was $975 million compared with second quarter 2005 net income of $1,015 million. Second quarter 2006 net income reflects higher local selling prices across all regions, lower fixed costs, and the impact of higher energy and ingredient costs.

Consolidated net sales for the second quarter were $7.4 billion versus $7.5 billion last year. On a comparable business basis, sales were up 2%. For the quarter, total company volumes increased 1%, reflecting increases in all regions except the United States.

For the Coatings & Colour Technologies sector, second quarter sales were $1.6 billion, up 2%, reflecting higher local prices in all product lines. The Performance Materials sector achieved second quarter sales of $1.7 billion, an increase of 6% on a comparable business basis. Sales increased in all regions and volume growth was strong in most market segments.