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BASF announces strong financial results

by ChemOrbis Editorial Team -
  • 28/07/2017 (22:33)
According to a release on the company’s website, German chemical producer BASF reported its financial results for Q2 of 2017. Accordingly, the company’s net profit reached €1,496 million ($1,751 million) in the second quarter, up 37% by €404 million ($472 million) from the same period of last year. This increase in net profit exceeded the expectations.

The company’s sales also increased by €1,781 million ($1,085 million) to €16,264 million ($19,047 million) in Q2 on a yearly basis, which was contributed by all segments except chemicals.

Meanwhile, cash from operational activities of the company increased to €2,969 million ($3,157 million) during the April-June period compared to €2,293 million ($2,685 million) during the same period of 2016, on the back of the rise in net income.

Lastly, the company’s EBITDA also increased by €443 million in Q2 to €3,233 million on the year
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