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BASF 3Q net income falls 69 percent to

BASF 3Q net income falls 69 percent to

German chemical company BASF SE said Thursday its net income fell 69 percent in the third quarter as the global downturn continued to affect demand for the company's products.
BASF, based in Ludwigshafen, said net income fell to ⁈llion ($348 million) from ⁈llion in the July-September period of 2008.
Revenue for the period fell 19 percent to ⁈illion from ⁈illion in the third quarter of 2008.
"Following the global economic downturn at the end of 2008, our business has stabilized at a low level during the course of the year," BASF said in its report.


Updated : 2020-11-30 16:12 GMT+08:00