in this issue
Regions :: Western Europe :: Germany
BASF Reports Decline in Net Income on Higher Sales; Agchems and Oil & Gas Make Strong Contributions
2:36 AM MDT | April 27, 2012 | Natasha Alperowicz
BASF today reported a “solid start to 2012” but its first quarter 2012 net profit declined 28.5% to €1.724 billion ($2.28 billion). BASF cites much higher tax rate this year—39.6% compared with 24.7% in 2011, and the sale of K+S shares last year, which was “nearly tax free” as the main reasons. BASF’s first quarter sales rose 6% to €20.6 billion. “Increased raw material costs could not be fully passed on in all business areas, which put pressure on our margins,” says Kurt Bock, chairman of BASF. The...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee