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Dow Chemical reports financial results for Q4

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/01/2017 (14:52)
Dow Chemical released its financial results for the fourth quarter of 2016, according to a press release on the company’s website. The company posted a net loss of $33 million in Q4 of 2016 when compared to the net profit of $3.527 billion in the same period of 2015.

The loss of the company was attributed to a change in accounting of asbestos-related matters and charges for legacy environmental remediation activities.

However, the company’s sales were up to $13 billion on the year from $11.46 billion driven by volume growth.
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