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UPDATE 1-Omnia’s full-year earnings up 25 pct

26 June 2012 By admin

* Diluted headline EPS up 25 pct to 957.3 cents

* Group revenue up 17 percent to 10.9 bln rand

(Adds details)

JOHANNESBURG, June 26 (Reuters) – South African chemical
maker Omnia Holdings posted a 25 percent rise in
full-year profit on Tuesday, boosted by higher sales in its
mining and agriculture businesses and said it expects more
growth ahead.

Omnia, which has interests in chemicals, mining and
agriculture, said diluted headline earnings per share for the
year to end-March totalled 957.3 cents from 765.1 cents last
year.

Headline earnings are the main profit gauge in South Africa
and exclude certain one-off and non trading items.

Omnia said its group revenue rose nearly 17 percent to 10.9
billion rand ($1.28 billion).

The company said it expected all of its businesses to
deliver solid results in the year ahead, helped by higher sales
and prices.

It declared a final dividend of 180 cents per share,
bringing the total dividend for the year to 280 cents per share.

Omnia shares are up nearly 15 percent so far this year,
compared with a 6 percent rise in the Johannesburg’s All-share
Index.

($1 = 8.4995 South African rand)

(Reporting by Olivia Kumwenda; editing by David Dolan)

© Thomson Reuters 2012 All rights reserved





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Next: UPDATE 4-Tennis-Wimbledon women’s singles first round results





Filed Under: South Africa Tagged With: news, reuters, south africa

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