Chilean lithium producer Sociedad Quimica & Minera de Chile SA (SQM), the second largest in the world, increased its net profit 7.5 times in the second quarter due to higher prices and sales. million, or $0.31 per share, for the same period last year.
Revenue increased 2.4 times to $2.47 billion
Analysts on average predicted a profit of $553.9 million on revenue of $2.29 billion, according to LSEG.
Lithium sales in the second quarter totaled a record 84.1 thousand tons, which is 59% higher than a year earlier.
Quotes on Tuesday.
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