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SQM's Profits and Sales Rise in Second Quarter

7:22 AM MDT | August 31, 2011 | Nancy Seewald

Sociedad Química y Minera de Chile (SQM; Santiago) reported second-quarter net income of $132.2 million, up 26% from the same period last year. Sales rose 16%, to $551.7 million. “Fertilizer, iodine and lithium demand growth remained healthy during the quarter which positively influenced the results of our business lines,” says SQM CEO Patricio Contesse. “The consistent demand growth and tight market conditions in three of our business lines helped boost results during the second quarter, and we expect these market circumstances should...

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