OMN
OMN
OMN - Omnia Holdings Limited - Trading Statement
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/003680/06)
JSE Code: OMN
ISIN: ZAE000005153
("Omnia" or "the Company")
Trading Statement
Omnia is a diversified specialist chemical services company providing customised
solutions to the chemicals, mining, and agriculture markets.
Following the losses reported at the September 2009 interim stage and in line
with comments made in the previous trading statement published on 8 March 2010,
Omnia expects earnings and headline earnings per share to be between 85% and 95%
below those of the previous comparable financial year.
The main reasons for the considerable reduction in earnings from an abnormally
buoyant previous year`s earnings is due to significant stock write downs
following international commodity price reductions coupled with the continued
strengthening of the Rand.
Omnia remains focused on balancing the Group`s risk profile and the Company is
well positioned in the three critical sectors of the future (agriculture, water,
and alternative energy)
The results for the year ended 31 March 2010 are expected to be published on or
about 9 June 2010.
The information contained in this announcement has not been reviewed or reported
on by Omnia`s auditors.
Johannesburg
24 May 2010
Sponsor:
One Capital
Date: 24/05/2010 11:47:01 Produced by the JSE SENS Department.
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