BASF reports second-quarter beat, says no Delta impact so far By Reuters – Investing.com
- Date: 28-Jul-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
BASF reports second-quarter beat, says no Delta impact so far By Reuters – Investing.com
By Zuzanna Szymanska
(Reuters) -The world's largest chemical producer BASF reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta coronavirus variant has not interrupted orders from industrial customers so far.
Low commodity prices during the coronavirus pandemic weighed on BASF's earnings last year, but the German group recorded a rapid recovery so far in 2021 as the global economy picked up faster than expected.
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