Washington - US chemical concern Dow Chemical Company reported Thursday that it continues to suffer in view of rising costs from sinking profits.

Although price increases for its products earned the largest US chemical company 762 million dollars in the second quarter the gain was lower than the same quarter last year.

Revenues climbed nearly a quarter to a new record value of 16.4 billion dollars, the Midland, Michigan-based company said on Thursday.

Like Dow Chemical, at present many companies are suffering from rapid increases in the cost of raw materials, energy and transportation. Dow chairman and CEO Andrew N Liveris was reserved in his estimation about the company's performance potential for the coming months. The US economy continues to show signs of weakening in the current year and prospects for the world economy look uncertain. (dpa)