Earnings release
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ADAMA ADAMA Reports Second Quarter and First Half 2021 Results Strong Q2 sales growth driven by continued robust volume growth , boosts H1 sales to a record - high Second Quarter 2021 Highlights Sales up 18 % to a Q2 record - high of $ 1,220 million ( RMB : + 7 % ) , driven by robust 15 % volume growth ■ Adjusted EBITDA up 9 % , reaching $ 186 million ( RMB : -0.5 % ) ■ Reported net income up 8 % to $ 34 million ( RMB : -1.4 % ) ■ Adjusted net income up 18 % to $ 63 million ( RMB : + 8 % ) First Half 2021 Highlights Sales up 16 % , pushing H1 sales to a record - high of $ 2,329 million ( RMB : + 7 % ) ■ Adjusted EBITDA up 6 % , reaching $ 343 million ( RMB : -2.5 % ) ■ Reported net income up 97 % to $ 57 million ( RMB : + 79 % ) ■ Adjusted net income up 21 % to $ 115 million ( RMB : + 11 % ) BEIJING , CHINA and TEL AVIV , ISRAEL , August 25 , 2021 - ADAMA Ltd. ( the " Company " ) ( SZSE 000553 ) , today reported its financial results for the second quarter and six - month period ended June 30 , 2021 . Ignacio Dominguez , President and CEO of ADAMA , said , “ Today , with crop prices at levels we have not seen in a number of years , and the resulting increase in planted areas , global demand for crop protection products is strong . This brings great opportunity , and places immense responsibility , on ADAMA and our industry to support the world's growers with safe , effective and sustainable solutions to ensure they can nourish the planet , especially in a time of global pandemic - related uncertainty and disruption . I am extremely pleased that we continue to deliver on our business performance goals , reporting another quarter of business and profit growth . This has been achieved despite the extraordinary times we are in , which continue to pose numerous challenges to global logistics and supply lines , and is a testament to the commitment and dedication of our people to continue bringing our crop protection solutions to farmers across the globe . "