JOHANNESBURG, June 11 (Reuters) – South Africa’s Omnia Holdings OMNJ.J expects its annual revenue to leap as a lot as 161% after restructuring and asset gross sales, the chemical compounds and fertiliser maker stated on Friday.
Omnia expects headline earnings per share (HEPS) – the primary revenue measure utilized in South Africa – of 371 to 402 cents per share versus 154 cents a 12 months earlier, the explosives maker stated.
It stated it had recorded a one-off revenue from the $146.9 million sale of its Oro Agri division to agricultural companies agency Rovensa.
Omnia stated the group’s operational efficiency had exceeded expectations regardless of coronavirus lockdowns within the first quarter and a resurgence in infections throughout areas the place it operates.
“Omnia stays centered on its dedication to enhance total returns by the pursuit of natural and inorganic development alternatives, greener applied sciences and growth into geographies that improve its impression on this planet and in the end create worth for stakeholders,” the corporate stated.
Omnia is anticipated to launch its outcomes for the 12 months ended March 31 on June 22.
(Reporting by Akhona Matshoba; enhancing by Tanisha Heiberg and Jason Neely)
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