SQM Reports Earnings For Fourth Quarter 2013

SQM Reports Earnings For FourthSQM Reports Earnings For Fourth Quarter 2013 PR Newswire SANTIAGO, Chile, March 5, 2014 Sociedad Quimica y Minera de Chile S.A. ("SQM") (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today earnings for the twelve months ended December 31, 2013 of US$467.1 million (US$1.77 per ADR), a decrease from US$649.2 million (US$2.47 per ADR) for the twelve months ended December 31, 2012. Gross Margin reached US$721.5 million (32.7% of revenues) for the twelve months ended December 31, 2013; a decrease compared to US$1,028.6 million (42.3% of revenues) for the twelve months ended December 31, 2012. Revenues totaled US$2,203.1 million for the twelve months ended December 31, 2013, representing a decrease compared to US$2,429.2 million reported for the twelve months ended December 31, 2012. The Company also announced earnings for the fourth quarter of 2013, reporting net income of US$69.0 million (US$0.26 per ADR) compared to US$141.8 million (US$0.54 per ADR) for the fourth quarter of 2012. Gross Margin for the fourth quarter of 2013 reached US$146.3 million, a decrease compared to US$234.3 million for the fourth quarter of 2012. Revenues totaled US$492.2 million, a decrease compared to US$601.0 million for the fourth quarter of 2012. Patricio Contesse, SQM's Chief Executive Officer, stated, "SQM faced important commercial challenges during 2013; pricing was more difficult in the potassium chloride market when compared to 2012.