SQM REPORTS EARNINGS FOR THE FIRST QUARTER OF 2008
Santiago, Chile, April 29, 2008.- SQM reported today earnings for the first quarter of 2008 of US$64.8 million (US$0.25
per ADR), a 50.8% increase over the US$43.0 million (US$0.16 per ADR (1)) reported
for the same period of 2007. Operating income for the quarter grew 46.6% to US$86.2
million (26.4% of revenues), as compared to the first quarter 2007 figure of US$58.8
million (24.8% of revenues). Revenues for the period totaled US$326.3 million, representing
growth of 37.6% over the US$237.1 million reported in 2007. |
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SQM SIGNS JOINT VENTURE AGREEMENT WITH MIGAO CORPORATION
Santiago, Chile, May 20, 2008.- SQM announced today that it has entered into an agreement with Migao Corporation (“Migao”) to create a joint venture (“JV”) for the production and distribution of potassium nitrate in China. The agreement, signed on May 18, 2008, establishes a 50/50 contribution to the JV. The first step of this agreement will be the construction of a new 40,000 metric ton potassium nitrate facility… |