BASF Reports Profit Matching Estimates, Sees Growth in 2013

BASF SE (BAS), the world’s biggest chemical company, posted fourth-quarter profit that met analysts’ estimates and predicted improved results in 2013.

Earnings before interest, tax and one-time items increased to 1.8 billion euros ($2.4 billion), the Ludwigshafen, Germany- based company said today in a statement. Analysts had predicted 1.8 billion euros, according to a Bloomberg survey.

Quarterly sales rose to 19.6 billion euros, beating an analyst estimate of 19 billion euros. The company proposed paying an annual dividend of 2.60 euros, also in line.

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