Wed. Dec 11th, 2019

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Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM)

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Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM) reported today earnings for the 9.0 months finished September 30, 2k19 of US$211.20M (US$0.800 for each ADR), a decline from US$331.20M (US$1.260 for each ADR) for the nine months finished September 30, 2k18. Gross profit(3) reached US$422.20M (28.70 percent of revenues) for the 9.0 months finished September 30, 2k19, lower than US$579.10M (34.10 percent of revenues) recorded for the 9.0 months finished September 30, 2k18. Revenues totalled US$1,471.40M for the 9.0 months finished September 30, 2k19, representing a decline of 13.50 percent compared to US$1,700.60M reported for the 9.0 months finished September 30, 2k18.

The Company also announced earnings for the 3rd-quarter of 2k19, reporting net income of US$60.50M (US$0.230 for each ADR) compared to US$83.50M (US$0.320 for each ADR) for the 3rd-quarter of 2k18. Gross profit for the 3rd-quarter of 2k19 reached US$134.20M, lower than the US$162.10M recorded for the 3rd-quarter of 2k18. Revenues totalled US$473.10M, a decline of approximately 12.90 percent compared to the 3rd-quarter of 2k18, when revenues amounted to US$543.20M.

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