BASF successful in 1996.LUDWIGSHAFEN Lud·wigs·ha·fen A city of southwest Germany on the Rhine River opposite Mannheim. Founded as a fortress in the early 17th century, it is now a leading center of the country's chemical industry. Population: 162,000. , Germany--(BUSINESS WIRE)--March 18, 1997--BASF Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. totalled DM 48,776 million in 1996 (prior year DM 46,229 million). Pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta earnings amounted to DM 4,414 million (prior year DM 4,128 million). Earnings after taxes and minority interests represented a net income of DM 2,790 million (prior year DM 2,471 million). BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida Aktiengesellschaft Aktiengesellschaft (IPA: ['aktsiəngəzεlʃaft]; abbreviated AG) is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders. achieved sales of DM 20,607 million (prior year DM 21,061 million) and pre-tax earnings of DM 2,215 million (prior year DM 2,301 million). After-tax earnings represented a net income of DM 1,701 million (prior year DM 1,354 million). At the Annual Meeting on May 15, 1997 the Board of Executive Directors and Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. of BASF Aktiengesellschaft will propose to pay from the company's net income for the 1996 business year a dividend of DM 1.70 (prior year DM 1.40) per share, valued DM 5.00 at par. Since qualified German stockholders are entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to a tax credit of DM 0.73 per share, they will realize altogether DM 2.43 per DM 5 share. With DM 3,090.3 million in capital stock entitled to dividend, the dividend payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. for 1996 under the proposal will total DM 1,051 million compared to DM 854 million in the preceding year. DM 650 million (prior year DM 500 million) will be appropriated to the revenue reserves of BASF Aktiengesellschaft. -0- BASF 1996 in millions of DM BASF Group 1996 1995 Change Sales 48,776 46,229 + 5.5% Profit before taxes 4,414 4,128 + 6.9% Income taxes 1,575 1,705 - 7.6% Minority interests 49 - 48 Net income after taxes 2,790 2,471 + 12.9% BASF Aktiengesellschaft Sales 20,607 21,061 - 2.2% -- Federal Republic of Germany 6,304 7,026 - 10.3% -- Exports 14,303 14,035 + 1.9% Profit before taxes 2,215 2,301 - 3.7% Income taxes 514 947 - 45.7% Net income after taxes 1,701 1,354 + 25.6% Appropriation of net income -- Dividend 1,051 854 + 23.1% -- Transferred to revenue reserve 650 500 + 30.0% CONTACT: Dr. Matthias Hensel Tel. (0621) 60-99223 Fax (0621) 60-20129 E-mail: matthias.hensel@zoa.x400.basf-ag.de |
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