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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

SQM Posts Fourth-Quarter Profit and Sales Gains 

1:37 PM MST | March 2, 2011 | Nancy Seewald

Sociedad Química y Minera de Chile (SQM) reported fourth-quarter earnings of $105.8 million up 34% over the same period of 2009, on sales up 31%, to $386.5 million. “After consistent performance in each quarter of the year, we finished 2010 with solid results,” says SQM CEO Patricio Contesse. “We observed strong volumes across all of our product lines as market conditions in all of our business segments surpassed our initial expectations for 2010, moving past 2009 lows.” Looking ahead, SQM says it expects “moderate growth” this year, particularly in...

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