Dow Chemical profit shoots up 72 percent

Reuters

Dow Chemical Co reported a 72 percent rise in quarterly profit, driven by robust agricultural demand and higher margins in its plastics business.

Net income rose to $2.34 billion, or $1.87 per share, in the second quarter, from $649 million, or 55 cents per share, a year earlier.

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Revenue at the largest U.S. chemical maker by sales was unchanged at $14.6 billion.

(Reporting by Garima Goel and Swetha Gopinath in Bangalore; Editing by Saumyadeb Chakrabarty)