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Aug. 28. 2012 /PRNewswire/ -- Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today
earnings for the first half of 2012 of
US$342.2 million (
US$1.30 per ADR), an increase of 40.5% with respect to the same period of 2011, when earnings totaled
US$243.6 million (
US$0.93 per ADR).
Gross Margin reached
US$531.9 million (43.9% of revenues), 33.9% higher than the
US$397.2 million (38.5% of revenues) recorded during the first half of 2011.
US$1,213.0 million for the first six months, representing an increase of 17.6% over the
US$1,031.7 million reported in the same period of 2011.
The Company also announced a year-over-year earnings increase of 45.4% for the second quarter of 2012,
reporting quarterly net income of
US$192.2 million (
US$0.73 per ADR) compared to the 2011 figure of
US$132.2 million (
US$0.50 per ADR).
Gross Margin for the second quarter reached
US$295.7 million 41.1% higher than the
US$209.6 million recorded for the same period of 2011.
US$683.3 million, an increase of approximately 23.9% with respect to the second quarter of 2011, when revenues amounted to
SQM is an integrated producer and distributor of specialty plant nutrient, 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.