BASF Reports 23% Surge In Q2 Net Profit

BASF SE

reported a 23% rise in its second-quarter net profit. BASF reported its quarterly net profit at €1.45 billion, up from €1.18 billion, in the year-earlier period. Its sales surged 14% to €18.46 billion. However, analysts were expecting a net profit of €1.5 billion on sales of €18.51 billion. BASF shares fell 3.82% to close at $93.01 yesterday.