The Omnia Group wishes to announce that the favourable factors mentioned in
the Interim Results announcement have continued and that the Group expects a
substantial improvement in earnings for the year.
The Group's businesses have benefited from the weakening Rand against the US
dollar and the general upturn in the agricultural sector. Product prices
have been rising strongly and local farmers have seen increased demand from
Zimbabwe for food products.
Omnia's fertilizer operations have particularly benefited in that fertilizer
prices have followed the Rand/US dollar exchange rate.
In addition, the Group's mining explosives business is expected to make a
larger than anticipated contribution to Group earnings.
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Company contact:
Rod Humphries
(011) 709 8850
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