ADAMA ISSUED A SECOND-QUARTER FINANCIAL REPORT, WITH NET LOSSES NARROWED TO $20 MILLION

ADAMA Ltd. (000553.SZ) reported a narrowing of its net losses in the second quarter to $20 million, with a loss of $32 million over the same period last year. The loss per share was US$0.0085, compared to US$0.0138 for the same period last year. The adjusted net profit was $4 million, compared to $6 million last year。