{"id":280250,"date":"2011-02-24T08:24:16","date_gmt":"2011-02-24T08:24:16","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/02\/24\/profits-up-at-basf-as-sales-rise\/"},"modified":"2011-02-24T08:24:16","modified_gmt":"2011-02-24T08:24:16","slug":"profits-up-at-basf-as-sales-rise","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/02\/24\/profits-up-at-basf-as-sales-rise\/","title":{"rendered":"Profits up at BASF as sales rise"},"content":{"rendered":"

\n \t\t
\n 24 February 2011<\/span>
\nLast updated at <\/span>03:24 ET<\/span>
\n<\/span><\/p>\n

German chemicals firm BASF has reported strong fourth quarter results after the improving global economy boosted sales.<\/p>\n

BASF reported a profit of 1.1bn euros ($1.5bn; \u00a3931m), up from 455m euros in the same period a year earlier.<\/p>\n

For the full year the firm reported a net profit of 4.56bn euros, up from 1.4bn euros in 2009.<\/p>\n

However, BASF said it was “concerned” about the situation in Libya, where its Wintershall subsidiary has oil interests.<\/p>\n

On Wednesday, the firm said it was temporarily suspending operations in the country.<\/p>\n

“With respect to Libya, BASF hopes that the situation will calm down soon,” it said in a statement.<\/p>\n

Raw materials<\/strong><\/p>\n

BASF was “able to take advantage of the strong economic recovery in 2010, which was more dynamic than we all initially expected,” said chief executive Juergen Hambrecht.<\/p>\n

The company says in was also able to pass on the costs of increasing raw materials prices to its customers.<\/p>\n

BASF said it expected “significant sales growth” in 2011.<\/p>\n<\/p><\/div>\n<\/p>\n

Visit link:
\nProfits up at BASF as sales rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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