Merck's net jumps on sale of generics unit: operating profit misses expectations; outlook is positive

Article Abstract:

Fourth-quarter net profit for German chemical and pharmaceutical firm Merck KGAA rose to $4.98 bil, partly due to Merck's sale of its generics unit to US-based Mylan Laboratories Inc. in May 2007. Sales rose by 51%. The firm anticipates total revenue growth for 2008 to range from 5% to 9%.

Pharmaceutical preparations, Pharmaceutical industry, Merck KGAA, Financial report

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BASF's first-quarter net rose 10%

Article Abstract:

BASF AG of Germany posted ten percent net profit increases for the first quarter to 950 million Euros ($1.2 billion) from 861 million Euros last year. Earnings are due to high prices in the gas and petroleum units. BASF AG is the largest chemical company worldwide.

Company overview

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BASF net surges on rising oil prices

Article Abstract:

BASF AG of Germany posted a profit surge of 39 percent in the fourth quarter to $667 million, buoyed by oil and gas revenues and offsetting financial losses from hurricanes. The chemical giant is the largest in the world. Financial projections are positive.

Company Profile

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