Go Back Email this Link to a friend


Omn - Omnia Holdings Limited - Trading Statement

Release Date: 08/03/2010 17:42:01      Code(s): OMN
OMN - Omnia Holdings Limited - Trading statement                                
OMNIA HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/003680/06)                                           
JSE Code: OMN                                                                   
ISIN: ZAE000005153                                                              
("Omnia" or "the company" or "the Group")                                       
TRADING STATEMENT                                                               
Omnia is a diversified specialist chemical services company providing customised
solutions to the chemicals, mining, and agriculture markets.                    
The JSE Limited has recently amended its Listing Requirements in terms of which 
a company is, amongst other matters, required to issue a trading statement when 
it is reasonably certain that the earnings for the period to be reported on will
vary by 20% or more when compared to the previous comparable reporting period   
regardless of being able to indicate range. A further announcement will then be 
required once it has certainty on the range.                                    
Guidance was given by Omnia at the release of the interim results on 30 November
2009 that the Group`s earnings for the full year to March 2010 would return to  
profitability after the first half had been negatively impacted by, in          
particular, the appreciation of the rand combined with the further decline of   
some commodity prices. This combination necessitated a significant write down of
inventory values at the interim stage.  Although volumes are recovering in the  
mining division and the second half fertilizer demand is normalising, there is  
certainty that the earnings for the current year will be considerably more than 
20% below the extra-ordinary earnings by Omnia in the prior year ended 31 March 
2009.                                                                           
Omnia remains focused on balancing the Group`s risk profile and the company is  
well positioned in the three critical sectors of the future (agriculture, water,
and alternative energy).  The results for the year ended 31 March 2010 will be  
published on approximately 9 June 2010.                                         
The information contained in this announcement has not been reviewed or reported
on by Omnia`s auditors.                                                         
Johannesburg                                                                    
8 March 2010                                                                    
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited                   
Date: 08/03/2010 17:42:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.