October 24, 2019 / 10:00 AM / 2 months ago

Chemicals maker Dow profit dips on oversupply, weak demand

Oct 24 (Reuters) - Dow Inc reported a 32% fall in quarterly adjusted operating profit on Thursday, as margins were squeezed by a rise in inventories of chemicals used in making plastics and weak demand.

The company’s net income available to shareholders fell to $333 million, or 45 cents per share, in the three months ended Sept. 30 from $1.01 billion, or $1.36 per share, a year earlier.

Excluding items, Dow posted operating earning of 91 cents per share. (Reporting by Arathy S Nair in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below