SQM Reports Second-Quarter Earnings Up 31%

Sociedad Quimica y Minera (SQM; Santiago) reported second quarter 2012 net income up 31% from the year-ago quarter, to $192.2 million, due in part to deferred volumes from first quarter 2012. Sales increased 19%, to $683.3 million. SQM produces lithium, potassium-related fertilizers, iodine and specialty plant nutrients. “As we expected during the second quarter of this year we saw the positive influence of some deferred volumes from the first quarter, which accounted for as a whole, reflects the positive trend of 2012,” says SQM CEO Patricio...

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