Santiago-SQM reported that specialty fertilizer sales were up nearly 21 percent for the second quarter ending June 30, 2007, to $172.3 million from the year-ago $142.6 million. SQM noted higher potassium nitrate sales to Latin America, particularly to Brazil. It also saw higher water soluble sales to Europe, Mexico, and Spain, with weather conditions improving in the latter half of this year. Sales were up about 10 percent for the first half, at $275.1 million from $250.2 million. SQM-wide, net income was up 24.4 percent to $51.0 million on sales of $321.6 million, versus the year-ago $41.0 million and $285.6 million, respectively. Six-month net income was $93.9 million on sales of $558.8 million, versus the year-ago $75.3 million and $504.7 million, respectively.
Transparency Across the Fertilizer Value-Chain