SQM Q2 Profit Declines 44.1%
August 28, 2013 at 08:55 AM EDT
Chemical & Mining Co. of Chile (NYSE: SQM ) reported a 44.1% drop in its second-quarter profit. SQM's quarterly net profit declined to $107.4 million. For this year, SQM also cut its planned capital expenditures to around $400 million, versus its earlier estimate of $500 million. SQM shares closed at $25.34
