BASF plans plant with Algerian firm
Friday 15 August 1997
BASF has also decided against taking an equity stake in Gazprom, the Russian gas company, saying it would not enhance the joint marketing venture between the two companies.
BASF reported a 14.5 per cent rise in sales to 27.8bn German marks (pounds 9.5bn) and a 5.8 per cent increase in pre-tax profits to DM2.458bn in the six months to the end of June, in line with analysts' expectations. Earnings grew more rapidly in the second quarter than the first and the group expects to increase profits and exceed sales of DM50bn for the full year.
Profit margins in the first half were hit by the strength of the dollar, in which most of the group's raw materials are priced, according to Mr Strube. Profit contributions from oil and gas, colorants and finishing products were sharply higher, but plastics and fibres showed lower profits. Knoll, the loss-making pharmaceuticals division, has been hard hit by heavy research and development costs and an immediate return to profit is unlikely.
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 3 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 Ian Brady: Moors murderer announces his support for Ukip and the SNP
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Russian hack of President Obama's emails worse than previously admitted
Ian Brady: Moors murderer announces his support for Ukip and the SNP
UK weather: Britain braced for snow to replace sun as arctic air mass moves in
Nepal earthquake: US Pastor Tony Miano sparks outcry by suggesting Nepalis should convert and not rebuild their 'pagan shrines'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...