ADAMA Ltd. provided earnings guidance for the fourth quarter and full year 2021. The company expecting to report sales growth of more than 17% in USD terms (13% in RMB terms) in the fourth quarter compared to the same quarter last year. The strong growth over the quarter is being driven by a significant, double-digit increase in prices, a trend which started in the third quarter and accelerated into the fourth quarter. The Company is expecting to report an increase in Reported Net Income in the fourth quarter, compared to the same quarter last year. The significantly higher Operating Profit in the fourth quarter is expected to be only partially offset by higher financial expenses, resulting in a marked increase in Profit before Taxes in the quarter. The higher pre-tax profit will, in turn, be only partially offset by higher tax expenses, compared to tax income earned in the fourth quarter last year. The company expected net income attributable to shareholders to be in the range of USD 21 million to USD 29 million. Earnings per share to be in the range of USD 0.0089 to USD 0.0123.

Over the full year, the Company is expecting to deliver a similarly robust 17% top-line growth (9% in RMB terms) in its global sales. This strong performance is being driven by continued double-digit volume growth, for the second year in succession, alongside higher prices and favorable exchange rates. The higher Reported Net Income in the fourth quarter is expected to bring the Company's Reported Net Income over the full year into a moderate profit, but below that of last year. The significantly higher sales and gross profit seen over the year are expected to drive a marked increase in Operating Profit. However, this increase is expected to be more than offset by higher financial and tax expenses, resulting in the lower Net Income expected over the full year. The company expected net income attributable to shareholders to be in the range of USD 20 million to USD 28 million. Earnings per share to be in the range of USD 0.0086 to USD 0.0121.