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 FRANKFURT, Germany (AP) - BASF AG, the world's biggest chemical maker, said Wednesday its fourth-quarter profit rose more than 38 percent because of demand in its plastics, oil and gas unit — but the results still fell short of analyst expectations.
The company also pledged to continue its efforts to acquire Engelhard Corp., but not at any price.
BASF earned 560 million euros ($666.7 million), or 1.10 euros ($1.30) a share, in the quarter that ended Dec. 31. That compared with 404 million euros, or 74 euro cents a share, in the same quarter in 2004.
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