Santiago-Sociedad Quimica y Minera de Chile SA (SQM) reported a 11.3 percent uptick in net income for the third quarter ending Sept. 30, 2010, to US$94.8 million on revenues of $459.5 million, up from the year-ago net income of $85.2 million on revenues of $383.8 million. Nine-month net income was $276.3 million on revenues of $1.32 billion, up from $259.4 million on revenues of $1.05 billion. “During the first nine months of 2010 demand for all of our business segments has recovered more robustly than initially expected, reflecting the strong, underlying fundamentals in each market,” said Patricio Contesse, SQM CEO. “We anticipate that this momentum will continue during the remaining months of the year and through next year, and considering that the company is in a unique position to capture growth in each of its markets, we remain optimistic.” Revenues from SQM’s largest business, specialty plant nutrients (SPN), moved up to $151.5 million in the third quarter from the year-ago $141.7 million, while nine-month revenues were $452.5 million, compared to the year-ago $400.3 million.
Transparency Across the Fertilizer Value-Chain