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Upbeat Omnia boosts revenue

Johannesburg - South African chemical maker Omnia Holdings [JSE:OMN] posted a 25% rise in full-year profit on Tuesday, boosted by higher sales in its mining and agriculture businesses and said it expects more growth ahead. 

Omnia, which has interests in chemicals, mining and agriculture, said diluted headline earnings per share for the year to end-March totalled 957.3 cents from 765.1c last year.

Omnia said its group revenue rose nearly 17% to R10.9bn.

The company said it expected all of its businesses to deliver solid results in the year ahead, helped by higher sales and prices.

It declared a final dividend of 180 cents per share, bringing the total dividend for the year to 280c per share.

Omnia shares are up nearly 15% so far this year, compared with a 6% rise in the Johannesburg’s All Share [JSE:J203] Index.

Omnia shares rose 2.19% at R101.78 after it posts a 25% jump in full-year profit on Tuesday morning.

 
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