Chemicals group BASF Q3 profits climb 181%

November 14, 2004 by  

LONDON (CBS.MW) — Chemicals group BASF (BF) (DE:515100) said Thursday third quarter net profits jumped 180.8 percent to 337 million euros, with sales up 20.3 percent to 9.31 billion euros. Capacity utilization of BASF’s plants improved due to strong demand, and high oil prices allowed it “to pass on some necessary price increases to the market.” It reiterated it sees a significant rise in sales and EBIT before special items for 2004.


Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.