Omnia - Trading Update
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/003680/06)
Share Code: OMN
ISIN Code: ZAE000005153
("Omnia" or "the Group")
The directors of specialist chemical services group, Omnia, advise that the
factors outlined in the interim results announcement in December 2002 have
continued to favour the Group and it expects a significant improvement in
earnings for the year to March 2003.
The Group`s model of creating value for customers by leveraging its intellectual
capital and technology to deliver customer-centric services and products has
continued to yield excellent results in all its markets.
The Southern African fertilizer market, with the exception of Zimbabwe, has been
driven mainly by regional shortages for agricultural produce. Despite prices
declining due to the strengthening of the Rand, the farming industry remains
buoyant with prospects for good harvests and good produce prices.
The Group is also experiencing growth in its mining explosives and industrial
chemicals divisions and the contribution to Group earnings from these businesses
is set to continue at the levels achieved last year.
11 February 2003
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 11/02/2003 02:44:00 PM Supplied by www.sharenet.co.za
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