SANTIAGO CHILE, Chile (AP) _ Sociedad Quimica y Minera de Chile SA (SQM) on Thursday reported second-quarter profit of $89.8 million.

The Santiago Chile, Chile-based company said it had net income of 31 cents per share.

The chemicals company posted revenue of $588 million in the period.

SQM shares have dropped 1% since the beginning of the year. The stock has climbed 49% in the last 12 months.

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