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BASF 3Q net falls 69 percent to €237 million

October 29, 2009 By The Associated Press  GEORGE FREY (AP Business Writer)

FRANKFURT (AP) — German chemical company BASF SE said Thursday net income fell 69 percent in the third quarter as the global downturn hurt demand and prices for the company's products.

BASF, based in Ludwigshafen, said net income fell to €237 million ($348 million) from €758 million in the July-September period of 2008.

Revenue fell 19 percent to €12.8 billion from €15.7 billion in the...

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