Chile SQM says 2012 net profit up 19 percent y/y

SANTIAGO, March 5 Tue Mar 5, 2013 4:54pm EST

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SANTIAGO, March 5 (Reuters) - Chilean fertilizer, lithium and iodine producer SQM's 2012 net profit percent jumped 19 percent to $649.167 million as revenue rose, the company said in a statement to the regulator on Tuesday.

SQM has said it will invest about $500 million this year to boost its output capacity.