Monday, May 04, 2009

BASF's Q1 net income dips 68%; Chemicals, Plastics sales plummet

BASF posted a 23% year-on-year decline in sales for Q1 2009 to EUR 12.2 bln driven by extremely weak demand across all segments except for 'Agricultural Solutions' and 'Oil and Gas' segment. The compaany recorded a steep decline of 68% in Q1 net income to EUR 375 mln compared to same period last year.

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