BASF doubles profit; confirms 2011 view

MADRID (MarketWatch) -- German chemical group BASF AG on Friday reported first-quarter net income of €2.41 billion ($3.51 billion) against income of €1.03 billion in the year-ago period. Sales rose 25.3% to €19.36 billion against €15.45 billion. A survey of analysts polled by Dow Jones Newswires was forecasting net profit of €2.15 billion on sales of €18.18 billion. BASF confirmed its 2011 ...