March 6, 2012
Sociedad Quimica y Minera de Chile S.A. (SQM or the Company) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today earnings for 2011 of
per ADR), an increase of 42.8% with respect to 2010, in which earnings totaled
per ADR). Gross margin reached
(39.8% of revenues), 36.5% higher than the
(34.2% of revenues) recorded during 2010. Revenues totaled
for 2011, representing an increase of 17.2% over the
reported in 2010.
The Company also reported quarterly net income of
per ADR) compared with the 2010 figure of
per ADR). Fourth quarter gross margin for 2011 reached
, 25.8% higher than the
recorded for the same period of 2010. Revenues for this quarter totaled
, an increase of approximately 6.6% with respect to the fourth quarter of 2010, when revenues amounted to
SQM is an integrated producer and distributor of specialty plant nutrients, iodine, lithium, potassium-related fertilizers and industrial chemicals. Its products are based on the development of high quality natural resources that allow the Company to be a leader in costs, supported by a specialized international network with sales in over 100 countries. SQM's development strategy aims to maintain and strengthen the Company's position in each of its businesses.
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