Omnia Holdings Limited - 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 provider with balanced
interests in chemicals, mining and agriculture markets. In accordance with the
Listings Requirements of the JSE Limited, the Group is reporting in terms of
International Financial Reporting Standards ("IFRS") for the half year ended 30
September 2005.
The Group"s fertilizer sales are considerably lower than normal due to an
expected reduction in this year"s summer maize planting and the late onset of
summer rains.
Shareholders are therefore advised that headline and basic earnings have
decreased by more than 20% in respect of the six months ended 30 September 2005.
This is compared to both the prior period"s published results as well as the
IFRS adjusted prior year comparatives. The increase in the weighted average
number of shares in issue, resulting from shares issued in the previous year,
has further impacted on headline and basic earnings per share. Accordingly, the
headline and basic earnings per share for the six months ended 30 September
2005, as compared to both the prior period"s published result as well as the
IFRS adjusted prior year comparatives, are expected to be between 20% and 40%
lower than the headline and basic earnings per share for the comparable period.
The benefits of a more balanced profile of business interests achieved between
the three core businesses of Chemicals, Mining and Agriculture has to a large
extent shielded the Group from the full impact of the expected low fertilizer
sales.
Shareholders are further advised that the Group"s results for the six months
ended 30 September 2005 have not yet been reviewed and/or reported on by the
Group"s auditors. It is anticipated that the results for the six months ended
30 September 2005 will be published on or about 29 November 2005.
Johannesburg
9 November 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Date: 09/11/2005 03:41:51 PM Produced by the JSE SENS Department
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