ADAMA Ltd. provided earnings guidance for the first half ended June 30, 2024. For the period, the company is expecting to report a decline in sales of approximately 14% in RMB terms (16% in USD terms), compared to the first half year of 2023, reflecting lower prices and volumes as well as the negative impact of exchange rates. The lower sales resulted from lower demand impacting quantities and prices.

The Company is expecting to report Net Loss in the range of RMB 992 million RMB 566 million compared to the net loss in the first half year of 2023. The loss deepened in the first half year of 2024 following lower Operating Profit and despite a decrease in financial expenses. The company expects basic loss per share in the range of RMB 0.4259 - RMB 0.2430.