Dow Corning reports second-quarter profits

Dow Corning, a developer of silicon-based technologies, has revealed consolidated net income of $220.7m (£138.7m) for the second quarter of 2010, an increase of 91 per cent from consolidated net income of $115.4m reported for the second quarter of 2009. 

Adjusted net income for the second quarter of 2010 was $214.9m and $115.5m in 2009. 

For the first half of 2010, consolidated net income was $439m, an increase of 252 per cent from consolidated net income of $124.8m reported in the first half of last year. 

Dow Corning reported adjusted net income of $387.5m for the first half of 2010. Adjusted net income was $182.2m for the first half of 2009.