Related News
Financial crisis hammers BASF in fourth quarter
BASF AG, the world's largest chemical company by sales, said yesterday it recorded a net loss for the fourth quarter as its business was hit significantly by the worldwide economic crisis.
Ludwigshafen-based BASF reported a net loss for the October-December period of 313 million euros (US$400 million), compared with a profit of 793 million euros a year earlier.
Sales for the quarter were 2.7 percent lower, declining to 14.3 billion euros.
For all of 2008, BASF, with products including paints, glues, plastics and fertilizers, said it recorded a 28-percent decline in net profit to 2.9 billion euros. In 2007, it earned 4 billion euros.
"Following a strong start, BASF Group's business worsened steadily in the further course of 2008," the company said in a statement.
Ludwigshafen-based BASF reported a net loss for the October-December period of 313 million euros (US$400 million), compared with a profit of 793 million euros a year earlier.
Sales for the quarter were 2.7 percent lower, declining to 14.3 billion euros.
For all of 2008, BASF, with products including paints, glues, plastics and fertilizers, said it recorded a 28-percent decline in net profit to 2.9 billion euros. In 2007, it earned 4 billion euros.
"Following a strong start, BASF Group's business worsened steadily in the further course of 2008," the company said in a statement.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.