NEW YORK (Reuters) - Dow Chemical Co posted a second-quarter loss on Thursday, as sales slumped and the company took large charges to revamp its operations.
The company reported a net loss of $435 million, or 47 cents per share, compared with a profit of $24 million, or 3 cents per share, in the year-ago period.
Excluding one-time items and discontinued operations, the company reported a profit of 5 cents per share.
Sales fell 31 percent to $11.3 billion.
Separately, Dow said Thursday it will sell some operations in Malaysia to Petronas for $660 million.
(Reporting by Ernest Scheyder; editing by Jeffrey Benkoe)
