ADAMA Provides Net Income Estimate for Q1 2021
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TEL AVIV, Israel and BEIJING, April 14, 2021 /PRNewswire/ ADAMA Ltd. (the Company ) (SZSE: 000553), today provided an estimate regarding its financial performance for the first quarter of 2021.
Sales
ADAMA is expecting to report record-high first quarter sales, with estimated top-line growth of more than 13% (6% in RMB terms), driven by continued robust volume growth in almost all key regions.
The Company is expecting to record strong growth in Asia Pacific, both in China and beyond. In China, ADAMA saw significant growth in the quarter both from its branded, formulated portfolio, which was driven by higher cereal demand due to an increase in field crop planted areas and an early start to the Q2 season, as well as from its sales of raw materials and intermediates. Sales in the country were further bolstered by the inclusion of the Company s recent acquisitio
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