UPDATE 4-BASF sees profit growth this year; shares rise


* Says sees EBIT improving significantly this year * Q4 EBIT 1.48 billion euros, vs avg forecast 1.27 bln * Proposes 1.70 eur/shr dividend, vs avg forecast 1.66 eur * First divided cut in 16 years was expected * Shares gain 4.5 percent, outperforming chemicals benchmark (Adds more CEO comments, background on Ciba, analyst quote) LUDWIGSHAFEN, Germany, Feb 25 (Reuters) - Germany's BASF predicted marked operating profit gains this year with a shaky recovery seen lifting chemicals ...

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