By William Wilkes

FRANKFURT--BASF SE (BAS.XE) reported a fall in third-quarter profit due to smaller contributions from its oil and gas segment and reiterated its full-year outlook.

The German chemical company's net profit was 888 million euros ($968.26 million) in the three months ending Sept. 30, down 27% from EUR1.21 billion a year earlier. BASF had released preliminary results on Oct. 11.

Revenue declined 20% to EUR14.01 billion following the divestiture of BASF's natural gas trading and storage business to Russia's OAO Gazprom. Earnings before interest and taxes, EBIT decreased 22% to EUR1.46 billion.

It reiterated its guidance for the full year.

-Write to William Wilkes at william.wilkes@wsj.com

(END) Dow Jones Newswires

October 27, 2016 01:54 ET (05:54 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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