Wednesday, April 25, 2007

UPDATE 1-BASF Q1 profits beat forecast, reaffirms outlook

(Reuters) - BASF, the world's largest chemical company by sales, said earnings before interest and tax before special items came in at 2.12 billion euros , compared with the 1.97 billion euro average of 16 forecasts in a Reuters poll.

BASF spent about 7 billion euros last year in buying U.S. catalyst maker Engelhard, the construction chemicals business of Degussa and U.S. resin maker Johnson Polymer to expand and also to reduce the cyclicity of its existing business.


Read more at Reuters.com Bonds News

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