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1ST HALF: ADAMA'S REVENUES UP 7%, NET INCOME UP 46%
Source: ADAMA news release

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ADAMA Ltd. (the "Company") (SZSE 000553), today reported its financial results for the second quarter and six-month period ended June 30, 2020.

Ignacio Dominguez, President and CEO of ADAMA, said, "In these challenging times, we have delivered a second quarter marked by strong underlying business growth, despite the many headwinds posed by the persistent COVID-19 pandemic which has continued to disrupt lives and economies around the globe.

While some countries have been able to emerge from pandemic-related shutdowns, many parts of the world continue to see new infections and deaths rising tragically on a daily basis. During this troubling and uncertain period, I am proud of the response of our teams across the world to ensure the health and safety of our employees, and not only to mitigate the impact of the pandemic on our business, but to keep us on a growth trajectory and delivering solutions to farmers.

Their efforts have enabled the Company to maintain more than $2 billion in sales in the first half of 2020, despite the challenges posed by COVID-19, including its significant impact on global currencies."


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