UPDATE 3-BASF sees profit growth this year; shares rise

Newswire

* Says sees EBIT improving significantly this year * Q4 EBIT 1.48 billion euros, vs forecast 1.27 bln * Proposes 1.70 euro dividend, vs forecast 1.75 euro * First divided cut in 16 years was expected * Shares gain 4.3 percent, outperforming chemicals benchmark (Adds opening share price, more background) LUDWIGSHAFEN, Germany, Feb 25 (Reuters) - Germany's BASF predicted marked operating profit gains this year with a shaky recovery seen lifting chemicals and plastics sales volumes, ...

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