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SQM's third-quarter net income falls almost 16%

8:00 AM MST | November 20, 2013 | Francinia Protti-Alvarez

Sociedad Química y Minera de Chile (SQM; Santiago) reported $138.9 million in net income during the third quarter of 2013, down almost 16% from $165.2 million during the same quarter last year. Revenue stood at $521.1 million, contracting about 15.3% year-on-year (YOY). "Recently, we teamed with a leading global management consultant in an effort to reduce costs company-wide. We are proud of the results we achieved as various initiatives were implemented at all levels of SQM. The company is moving in the right direction," Patricio Contesse, CEO...

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