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BASF Reports Fourth-Quarter Operating Income Down
4:55 AM MST | February 21, 2008 | Kerri Walsh
BASF reported fourth-quarter net income up 8.3%, to â‚¬793 million ($1.7 billion), on sales up 1.6%, to â‚¬17.7 billion. Operating income fell 3.4%, to â‚¬1.6 billion. The chemicals businessâ€™s operating income before special items fell 47%, to â‚¬314 million because of scheduled plant turnarounds that lasted longer than expected in the petrochemicals segment, BASF says. Sales from the chemicals business slipped 1%, to â‚¬3.4 billion. The plastics business reported operating income before special items up 36.4%, to â‚¬345 million, on sales up 1.4%, to â‚¬3.3...
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