News & Analysis » Europe
BASF Q2 Profit Surges; Sales Up 29.7%; Expects Higher Dividend For 2010 - Quick Facts
July 29, 2010, Thursday, 05:23 GMT | 00:23 EST | 09:53 IST | 12:23 SGT
(RTTNews) - Chemical giant BASF (BASFY.PK) reported that second quarter net income surged to EUR 1.18 billion or EUR 1.29 per share, from EUR 343 million or EUR 0.37 per share last year.
Adjusted earnings per share were EUR 1.50, up 90.3% from EUR 0.79 in the same quarter a year earlier.
Sales grew 29.7% to EUR 16.21 billion from EUR 12.50 billion in the prior year.
Looking ahead, the company expects that economic recovery will continue at a moderate pace in the second half of 2010.
The company anticipates that EBIT before special items will improve considerably and it will again earn a premium on cost of capital. The company also expects higher dividend for 2010.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginners Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011