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BASF 3Q net income falls 69 percent to euro237 mil

BASF 3Q net income falls 69 percent to euro237 mil

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 euro237 million ($348 million) from euro758 million in the July-September period of 2008.
Revenue for the period fell 19 percent to euro12.8 billion from euro15.7 billion 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 : 2021-03-06 16:28 GMT+08:00