SALT LAKE CITY -- Huntsman reported a first-quarter revenue drop of 33% from last year to $1.69 billion as demand for chemicals tanked.

The company, which makes a host of chemicals including solder masks used in electronics, reported a net loss of $290 million, down from a profit of $7 million a year ago.

"Our results reflect decreased demand in all our businesses resulting from the worldwide economic slowdown," said president and chief executive Peter R. Huntsman.

However, the company said the first quarter ended with stronger demand than it began with.

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