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Headquarters of the BASF Group - Ludwigshafen

Update Chems, agri boost BASF Q4 net income despite oil, gas EBIT slump

(re-leads, adds division performance, global outlook)

LUDWIGSHAFEN, GERMANY (ICIS)--Stronger performances by its chemicals and agricultural solutions divisions helped drive a 25.7% year-on-year increase in net income for BASF to €1.42bn despite lower profits for its oil and gas operations, the Germany-headquartered chemicals major said on Friday.

Sales slipped by 0.6% year on year to €18bn in the fourth quarter while earnings before interest, taxes, depreciation and amortisation (EBITDA) was up by 10.8% at €2.87bn, the company added.

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