Dow Chemical earnings up

Dow Chemical earnings up

The Michigan-based Dow Chemical Co has posted a 10% rise in sales volume in the third quarter of 2016 with operating Ebitda rising US$118 million to $2.5 billion.

Andrew N Liveris, Dow's chairman and chief executive, said in a statement the company's earning per share was at $0.63, up 11% on year with more than $900 million returned to shareholders through dividends and share repurchases.

"We have now achieved four full years -- 16 consecutive quarters -- of year-over-year operating earnings growth and margin expansion, during which time Dow has also delivered three consecutive years of volume growth," said Mr Leveris.

He said sales volume grew 6%, excluding the impact of divestitures and acquisitions, reflecting broad-based, consumer-driven demand with gains in all geographic areas.

Dow returned $928 million to shareholders through paid dividends of $512 million and share repurchases of $416 million.

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