FRANKFURT, Feb. 27 (Xinhua) -- The German chemical giant BASF on Friday reported drops in both sales and profit for the 2025 business year, but voiced confidence in its new project in China, eyeing success in the medium term despite the headwinds.
According to the company's financial report, its earnings before interest, taxes, depreciation, and amortization (EBITDA) plunged by 9.68 percent to 5.6 billion euros (6.6 billion U.S. dollars) year on year, and sales declined by 2.77 percent to 59.7 billion euros (70.6 billion dollars).
