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Dow Posts Q4 Net Loss of $20M

Published: 02 February 2012
 by Staff

MIDLAND, MI – The Dow Chemical Company reported fourth-quarter sales of $14.1 billion, up 2% year-over-year.

The firm posted a net loss of $20 million for the quarter, compared to net income of $426 million in the same quarter of 2010.

Sales in Electronic and Functional Materials were $1.1 billion, flat versus the year-ago period, as a 3% decline in volume was offset by a 3% increase in price.

For full-year 2011, sales were $60 billion, up 12% versus 2010, and a record for the company.

2011 net income was $2.4 billion, up 22% year-over-year.

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