Monday, November 03, 2008

Dow Chemical posts recording breaking sales in Q3 2008

The Dow Chemical Company reported a record breaking Q3 sales of US$15.4 bln for Q3 2008, 13% higher than the same period last year. The company's Q3 2008 net income stood at US$428 mln as against US$4403 mln in Q3 2007, reflecting US$81 mln in costs (after tax) related to Hurricanes Gustav and Ike, a US$27 mln charge for purchased in-process research and development related to recent acquisitions, and expenses of US$18 mln related to the Company's pending acquisition of Rohm and Haas.

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