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Business & Finance

BASF reports Q2 net profit beat on increased volumes, prices

  • The Germany-based giant reported a second-quarter net income of 1.7 billion euros compared to the 1.4 billion euros expected on average by analysts in a company-provided poll
Published July 28, 2021

World's largest chemical producer BASF reported a better-than-expected second-quarter net profit as it managed to increase volumes and prices helped by strong demand.

The Germany-based giant reported a second-quarter net income of 1.7 billion euros compared to the 1.4 billion euros expected on average by analysts in a company-provided poll.

RWE and BASF plan $4.9bn wind power project

The company confirmed the preliminary figures for second-quarter adjusted earnings before interest and tax (EBIT) and sales as well as the 2021 guidance it announced on July 9.

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