Adama group , comprising Adama crop Solutions and Hubei plc , has estimated net profit for Q1 2018 in the region of $ 295m-$326.3 m , compared to Sanonda ’s standalone net profit of $ 8.5 m in Q1 2017 . The increased profits follow the merger of the two companies in Q3 2017 and include one - time profits for divestiture of several crop protection products required for European Union approval of Syngenta 's acquisition by 2020 . The gain was offset by losses due to the extended cold weather in Europe and the timing of the closure of the plant .
Adama group, comprising Adama Agricultural Solutions and Hubei Sanonda, has estimated net profit for Q1 2018 in the region of $295m-$326.3m, compared to Sanonda’s standalone net profit of $8.5m in Q1 2017. The increased earnings follow the merger of the two companies in Q3 2017 and include one-time profits for divestiture of several crop protection products required for European Union approval of Syngenta's acquisition by ChemChina. The gain was offset by losses due to the extended cold weather in Europe and the timing of the closing of the divestment.