Dow Corning reports first-quarter net income

Silicon technology company Dow Corning has reported consolidated net income of $218.3m (£143.1m) for the first quarter of 2010, compared with $9.4m in the first quarter of 2009.  

Dow Corning reported adjusted net income of $172.6m for the first quarter of 2010, compared with $66.7m for the first quarter of 2009.

Sales were $1.4bn in the first quarter of 2010, 31 per cent higher than sales of $1bn in the same quarter of 2009.