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SQM's second-quarter net income shrinks 44%

10:21 AM MDT | August 28, 2013 | Francinia Protti-Alvarez

Sociedad Química y Minera de Chile (SQM; Santiago) reports net income of $107.4 million for the second quarter of 2013, down 44% compared with the year before. Net income also shrank, by 24.25%, in the first six months of the year, to $259.2 million. Income before taxes fell by 44% during the reporting period, to $143 million, from $257.4 million during the second quarter of 2012. Revenue, meanwhile, contracted 17.1%, to $566.5 million, from $683.3 million last year. Second-quarter revenue from specialty plant nutrition (SPN) activities was $181.8...

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