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BASF Reports Fourth-Quarter Operating Income Down

1:24 PM MST | February 25, 2008 | Chemical Week Editorial Staff

Hambrecht: 2008 is running smoothly. BASF reported fourth-quarter 2007 net income up 8.3%, to €793 million ($1.7 billion) on sales up 1.6%, to €17.7 billion. Operating income fell 3.4%, to €1.6 billion. Operating income before special items at BASF’s chemical business fell 47%, to €314 million because of scheduled plant turnarounds in the petrochemicals segment that lasted longer than expected, BASF says. Sales from the chemicals business slipped 1%, to €3.4 billion. The plastics business reported operating income before special...

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