Friday, October 26, 2007

High feedstock and energy costs hit DOW Q3-07 profits

Dow Chemical Co. has recorded a 21.3% fall in Q3-07, posting net income after paying preferred dividends of US$403 mln, as against year ago profits of US$512 mln. This fall in profits is mainly because of changes in German tax laws, higher domestic tax rates and charges for research and development.

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