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| Title: Dow Chemical posts loss after charges |
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) posted a second-quarter loss on Thursday, as sales slumped and the company took large charges to revamp its operations.
The company reported a net loss of $435 million, or 47 cents per share, compared with a profit of $24 million, or 3 cents per share, in the year-ago period. Excluding one-time items and discontinued operations, the company reported a profit of 5 cents per share. Sales fell 31 percent to $11.3 billion. Separately, Dow said Thursday it will sell some operations in Malaysia to Petronas for $660 million. (Reporting by Ernest Scheyder; editing by Jeffrey Benkoe) Full article |
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