Dow Chemical Posts Small First Quarter Profit

Midland, MI, April 30, 2009--Dow Chemical Co. said its first-quarter profit fell 97 percent because of falling sales, job cuts, and the acquisition of specialty chemicals company Rohm & Haas.

Dow said it earned $24 million, or $.03 per share, in the January-to-March period. A year earlier the company earned $941 million, or $.99 per share.

Sales fell 39 percent to $9.09 billion from $14.82 billion a year earlier.