March 27 (Reuters) - Chemours Co ( CC ) on Wednesday

reported a narrower loss for the fourth quarter, helped by lower

costs.

The twice-delayed results come a month after the company

placed its top three executives, including CEO Mark Newman, on

administrative leave and said it was looking into potential

"material weaknesses" in its financial reporting.

Chemours ( CC ) reported a net loss of $18 million, or 12 cents per

share, for the three months ended Dec. 31, compared with a loss

of $97 million, or 65 cents per share, a year earlier.

Chemical companies have been trying to reduce costs to

combat low demand and destocking trends in the past year that

were driven by weaker-than-expected growth in China and across

major economies.

Earlier this month, an internal review in Chemours ( CC ) revealed

its senior executives manipulated some vendor payments and

collections of receivables in the fourth quarter of 2023, in

part to meet free cash flow targets tied to their incentives.

The company had said its preliminary results would not be

impacted by the internal review and later appointed chemical

industry veteran Denise Dignam as CEO.

(Reporting by Tanay Dhumal and Kabir Dweit in Bengaluru;

Editing by Devika Syamnath)