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BASF’s Third-Quarter Net Income Doubles...

1:22 PM MST | November 7, 2007 | Chemical Week Editorial Staff

BASF reported an almost doubling of third-quarter net income, to €1.2 billion ($1.7 billion), on sales up 5%, to €13.9 billion. Earnings benefited from a one-time, €186-million tax effect related to a change in German tax law, analysts say. Ebit rose 6%, €1.7 billion before special items, in line with consensus estimates. Selling price increases helped to lift earnings and margins, analysts say. The agricultural products business and nutrition division reported Ebit before special items up 79%, to €33 million, on sales up 7%, to...

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