IHS Chemical Week

Regions :: South America

SQM’s Profits Rise on ‘Robust’ Demand

9:38 AM MDT | May 25, 2011 | Nancy Seewald

Sociedad Química y Minera de Chile (SQM) reported net income of $111.4 million in its fiscal first quarter ended March 31, up 46% from the same period last year. Sales rose 245, to $480 million. SQM cited “robust demand” in all business lines. “Strong fertilizer market conditions drove growth in our specialty plant nutrition business line, and better pricing conditions in potash markets sustained our fertilizer business lines,” says SQM CEO Patricio Contesse. “Performance in our iodine and lithium segments was also strong, and...

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