TITLE

German companies post high sales and profits

AUTHOR(S)
Gibson, Jane
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/30/2007, Vol. 2 Issue 64, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial results of German chemical companies BASF and Bayer. The companies posted higher profits and sales during the first quarter of 2007. BASF posted a 13.5% year-on-year rise in earnings before interest and tax. Sales were up 17% to €14.6 billion. Bayer said it had exceeded analysts' estimates in the first quarter, and generated a net profit for the period boosted by divestments and the acquisition of drugs group Schering.
ACCESSION #
25073699

 

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