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BASF's Challenging Profit Goal

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BASF's Challenging Profit Goal
AIRED:
The world's largest chemicals company by sales, Germany's BASF, said meeting its profit target for the year will be "significantly more challenging" than it had previously expected. "I think targets have to be challenging so when we established the targets for 2013 about six months ago we knew that 2013 would not be a walk in the park." Second-quarter earnings before interest and tax (EBIT), adjusted for one-off items, fell 5 percent to 1.8 billion euros ($2.38 billion).moreless
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