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Dow quarterly profit rises on higher prices for chemicals

April 22 (Reuters) - Dow Inc reported a 69% rise in first-quarter profit on Thursday, as prices for its chemicals used in plastics and packaging rose on the back of tighter supply and higher demand.

The company posted a net operating income, which excludes certain items, of $1.02 billion, or $1.36 per share, in the three months ended March 31, compared with a profit of $607 million, or 81 cents per share, in the fourth quarter.

Reporting by Arathy S Nair and Sahil Shaw in Bengaluru; Editing by Anil D’Silva

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