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BASF reports financial results for Q4

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/02/2017 (14:47)
According to media reports, German chemical producer BASF reported its financial results for Q4 of 2016.

The company’s quarterly earnings before interest and tax (EBIT) were up by 15% to stand at €1.18 billion ($1.25 billion), which stood above the expectations of €1.12 billion ($1.19 billion) in a Reuters’ poll.

The company’s quarterly profit was attributed to the increase in sales volumes in their chemical business as well as the expenditures it had made on plants, equipments and product development.

On an annual basis, however, the company reported a drop of %6 in adjusted EBIT.
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