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, the diversified, specialist chemical services company provides customised
solutions in the chemicals, mining and agriculture markets.
In line with comments contained in previous announcements, a reduction in
headline and basic earnings is expected for the full year. Omnia expects a
decline in headline and basic earnings of between 20% and 40% for the 12 months
ended 31 March 2006 compared to the same period last year. Shareholders are also
advised that the headline and basic earnings per share for the 12 months ended
31 March 2006 is likewise expected to be between 20% and 40% lower than the
headline and basic earnings of 508.5 cents per share for the 12 months ended 31
March 2005.
The primary reason for the depressed headline and basic earnings was as a result
of lower fertilizer sales and reduced polymer margins. Both these conditions
were temporary in nature.
Although headline and basic earnings for the Group declined, Omnia remains
focused on balancing the Group"s risk profile and pursuing new growth
opportunities, both nationally and internationally. This ability to mitigate
potential negative impacts and ensure growth bodes well for the sustainable
delivery of shareholder value into the future.
The financial information on which this trading update is based has not been
reviewed and/or reported on by the company"s auditors. It is anticipated that
the results for the twelve months ended 31 March 2006 will be published on or
about 21 June 2006.
Johannesburg
26 May 2006
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 26/05/2006 09:07:02 AM Produced by the JSE SENS Department
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