BASF Q3 earnings surge

BASF Aktiengesellschaft, the parent company of BASF Bangladesh Ltd, is heading for another record year with increased sales of five percent and its earnings per share more than doubled in the third quarter, says a press release.
Overall, BASF increased sales to nearly 14 billion Euro in the third quarter of 2007, while income from operations (EBIT) before special items rose by six percent to 1.7 billion Euro.
Chief Financial Officer of the German chemical company Dr Kurt Bock attributed the remarkable performance to the last year's increased business volumes.
BASF Bangladesh Ltd is a leading supplier of chemicals to country's major industries, including textile, leather, pharmaceuticals, paper, paint, plastic and packaging, the release adds.