Sociedad Quimica y Minera (SQM) Reiterates Outlook
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Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM) reiterated its statements from its second quarter 2008 earnings release regarding its expectations that results for the second half of this year will be significantly higher than both the results for the first half of this year and the results for the second half of 2007.
Patricio Contesse, Chief Executive Officer of SQM, stated, "Based on the sales we have accomplished so far, our current projections indicate that we will achieve record results in the third quarter. Furthermore, we believe this trend will continue into the fourth quarter and next year, considering that market fundamentals are expected to be strong in the medium and long terms." Mr. Contesse went on to say, "Our expectations for the specialty plant nutrition, iodine and lithium markets have improved in the past 30 days, and in particular, sales volumes of iodine and lithium have exceeded our initial projections."
SQM is an integrated producer and distributor of specialty plant nutrients, iodine and lithium.[SM]
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