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UPDATE 1-BASF braces for lower operating profit on oil, China

2016-02-26 08:25:35| Chemicals - Topix.net

LUDWIGSHAFEN, Germany, Feb 26 BASF, the world's largest chemical company by sales, warned investors of a drop in operating income this year on weak chemical sales volumes in China and as the lower crude price weighs on its oil and gas division. Earnings before interest and tax , adjusted for one-off items, will decline slightly this year, BASF said on Friday.

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