SQM Beats Estimates as Cutbacks Counter Fertilizer Slowdown

  • Second-quarter net income jumps to $83.2m even as sales slip
  • Lithium prices will probably keep advancing, company says

Soc. Quimica & Minera de Chile SA, the country’s top fertilizer producer, reported a bigger-than-estimated increase in quarterly earnings as cost cutting and a weaker local currency offset declining prices and sales.

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