OMN
OMN
OMN - Omnia - Trading Update
Omnia Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/003680/06)
JSE code: OMN
ISIN: ZAE000005153
("Omnia" or "the Group")
TRADING UPDATE
Omnia, is a diversified, specialist chemical services company providing
customised solutions to the chemicals, mining and agriculture markets.
In line with comments contained in previous announcements, shareholder`s are
advised that a reasonable degree of certainty exists that the company`s headline
earnings per share and basic earnings per share for the year ended 31 March 2007
is expected to be between 55% and 65% higher as against the previous
corresponding period.
The primary reasons for this increase in headline earnings per share and basic
earnings per share is as a result of better fertilizer sales volumes in the
current year as compared to the previous year when plantings had been negatively
impacted by maize surpluses and low prices, combined with an improvement in the
Protea Chemicals business.
Omnia remains focused on balancing the Group`s risk profile and pursuing new
growth opportunities, both nationally and internationally. The ability to
mitigate the negative impacts seen in the previous year, and ensure growth,
bodes well for the sustainable delivery of shareholder value into the future.
It is anticipated that the results for the year ended 31 March 2007 will be
published on or about 20 June 2007.
The above information has not been reviewed or reported on by the company`s
auditors.
Johannesburg
28 May 2007
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 28/05/2007 12:17:31 Produced by the JSE SENS Department.
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