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SQM's fourth-quarter net profit falls by half

5:12 AM MST | March 5, 2014 | Francinia Protti-Alvarez

Sociedad Química y Minera (SQM; Santiago) says its net profit during the last quarter of 2013 totaled $69 million, down more than 50% from the $141.8 million reported in the year-earlier period. Pretax profit was $93.5 million, also falling by half year-on-year (YOY), and revenue fell by just over 18% YOY, to $492.2 million. Full-year results also trended down. Net profit for 2013 fell 28%, to $467.1 million, from $649.2 million the year before. Pretax profit also dipped, by about 30% YOY, to $721.5 million. Revenue declined by less than 10% YOY, from...

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