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Dow profit rises 61.4% on chemical demand recovery

Last Updated 28 January 2021, 12:20 IST

Dow Inc reported a fourth-quarter profit on Thursday that rose 61.4%, compared with the third, helped by higher demand for its chemicals following a gradual recovery from the impact of the Covid-19 pandemic.

Net operating income, which excludes some items, rose to $607 million, or 81 cents per share, in the three months ended Dec. 31, from $376 million, or 50 cents per share, in the third quarter.

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(Published 28 January 2021, 11:34 IST)

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