Crop protection producer Adama Agricultural Solutions reported an increase in sales of 6.8% in Q1 2018, with gross profit up 10.9% to $352m, while net income fell to $85m from $118m in the year earlier period. The company saw growth in all regions except Europe, which experienced a slow start as a result of the extended winter. Despite the uneven market conditions, Adama was able to achieve robust volume growth due to the introduction of new and differentiated products such as nematicide Nimitz in Q1 and the ongoing launch of triple protection fungicide Cronnos.
Crop protection producer Adama Agricultural Solutions reported an increase in sales of 10.9% in Q1 2018, with gross profit up 6.8% to $352m, while net income fell to $85m from $118m in the year earlier period. The company saw growth in all regions except Europe, which experienced a slow start as a result of the extended winter. Despite the uneven market conditions, Adama was able to achieve robust volume growth due to the introduction of new and differentiated products such as nematicide Nimitz in Q1 and the ongoing launch of triple protection fungicide Cronnos.