April 29, 2008 / 10:04 PM / 10 years ago

Chile's SQM 1st-quarter profit up 51 percent

SANTIAGO, April 29 (Reuters) - Chile’s Soquimich (SQM), a top fertilizer exporter and the world’s largest producer of lithium and iodine, said on Tuesday its first quarter net profit rose 51 percent year on year.

The Santiago-based company SQM_pb.SN SQMa.SN (SQM.N) said net profit for the period increased to $64.78 million from $42.96 million the prior year. (Reporting by Manuel Farias; Writing by Lisa Yulkowski)

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