(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.more >>
INSIGHT: BASF balances North America advantage with pressure in Asia
"The results show how well the BASF verbund can work to balance out market pressures and risks." more
Asian Chemical Connections