China's Tianqi Lithium doubles annual loss guidance on bigger SQM impairment [Reuters]
Sociedad Quimica y Minera S.A. (SQM)
Last sociedad quimica y minera s.a. earnings: 3/2 09:13 pm
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Source: Reuters
China's Tianqi Lithium doubles annual loss guidance on bigger SQM impairment BEIJING (Reuters) - Tianqi Lithium Corp, one of the world’s top lithium producers, said on Tuesday its net loss for 2019 was expected to be twice as big as it previously indicated after raising the impairment provision on its stake in Chilean miner SQM. The Chinese firm, which has flagged liquidity problems as it struggles to repay loans taken out to buy the 23.8% stake in 2018, said in a filing to the Shenzhen Stock Exchange its annual net loss is now set to total 5.98 billion yuan ($843.6 million). The filing was an adjustment to Tianqi’s preliminary 2019 result - a net loss of 2.8 billion yuan which was announced in February. The company is due to release its full earnings report later on Tuesday. The huge net loss will pile further financial pressure on Tianqi, which has already said it is considering asset sales to reduce its debt load as prices for lithium languish at multi-year troughs around two-third
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SQM
News
- Sociedad Química y Minera de Chile S.A. (NYSE: SQM) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Sociedad Quimica's Earnings and Revenues Miss Estimates in Q3 [Yahoo! Finance]Yahoo! Finance
- Sociedad Química y Minera de Chile S.A. (NYSE: SQM) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $35.00 to $31.00. They now have a "hold" rating on the stock.MarketBeat
- SQM REPORTS EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 [Yahoo! Finance]Yahoo! Finance
- SQM REPORTS EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024PR Newswire
SQM
Earnings
- 11/20/24 - Miss
SQM
Sec Filings
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K/A
- 11/20/24 - Form 6-K
- SQM's page on the SEC website