News

BASF earnings down 8% in Q1

03/05/2016

Chemical manufacturer BASF reported an 8% fall in operating profit in the first quarter of 2016, as a slump in oil and gas was offset by cost cuts. Earnings before interest and tax (EBIT) were €1.9 billion, compared to the €2 billion reported in the first quarter of 2015. Rising orders in March helped BASF overcome more negative profit...

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