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BASF 3rd quarter sales, earnings drop
Saudi Press Agency Published in Saudi Press Agency on 14 - 10 - 2009

Chemicals maker BASF SE said Wednesday that third quarter sales and earnings fell on the year but
improved compared with the previous quarter, suggesting
demand is recovering gradually, AP reported.
A preliminary earnings statement from the
Ludwigshafen-based company said sales for the
July-September quarter were ¤12.8 billion ($18.95 billion)
_ down 19 percent from a year earlier but 2.4 percent
higher than in the second quarter.
Third quarter earnings before interest and taxes, before
special items, came in at ¤1.25 billion, BASF said. That
figure was 20 percent lower than a year earlier, but 9.5
percent higher than in this year's second quarter.
BASF did not provide net earnings figures. Its full third
quarter report is due on Oct. 29.

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