BASF Q3 operating profit down on lower petrochemical margins

BASF Q3 operating profit down on lower petrochemical margins
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31.10.2018

MOSCOW (MRC) -- BASF saw adjusted operating profit decline 14 percent in the third quarter on lower margins of basic petrochemicals that go into products such as insulation foams, as per Reuters.Third-quarter earnings before interest and tax (EBIT), adjusted for one-offs, fell to 1.5 billion euros (USD1.70 billion), the German chemicals giant said on Friday, below average market estimates

Full article at mrcplast.com

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