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Chile's SQM reports slight profit increase in first quarter

4:21 AM MDT | May 29, 2013 | Francinia Protti-Alvarez

Sociedad Química y Minera de Chile (SQM; Santiago) recorded $152.7 million in net profit during the first quarter, a slight increase from the $151.8 million reported during the same period last year, the company has announced. Sales rose by about 18%, to $623.4 million, in the first quarter of 2013 from $529.6 million during the first quarter of 2012. "Profit during the first quarter of 2013 was slightly better than both the first and last quarter[s] of 2012; however, we expect the remainder of 2013 to be lower than the first part of this...

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