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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| BASF AG | TG:BAS | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.205 | -0.42% | 48.75 | 48.65 | 48.845 | 49.10 | 48.57 | 48.80 | 216,977 | 22:50:04 |
From May 2019 to May 2024
By Natascha Divac
FRANKFURT--German chemicals company BASF SE (BAS.XE) reported on Friday a slight increase in second-quarter net profit despite lower growth in some markets and continuing volatility in raw material prices.
Net profit rose slightly to 1.27 billion euros ($1.39 billion), from EUR1.26 billion in the year-earlier period, falling short of analyst expectations of EUR1.36 billion. Second quarter sales rose 3% to EUR19.1 billion, supported by a sharp increase in volumes in the oil and gas segment.
As a consequence of the significant drop in the price of oil, prices declined overall, especially in the chemicals and oil and gas segments, BASF said.
The company backed its 2015 outlook. It still aims to slightly increase sales despite a "volatile and challenging environment," and expects earnings before interest and taxes before special items at the level of the previous year.
Company shares are down 3.6% at EUR79.89 at 0720 GMT.
Write to Natascha Divac at Natascha.Divac@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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