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South Africa's Omnia flags full-year loss


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JOHANNESBURG, June 14 (Reuters) - South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on earnings.

The firm said the headline loss per share, the main profit measure used in South Africa, was expected to fall to between 139 cents and 59 cents for the year ended 31 March 2019 compared with headline earnings per share of 991 cents a year earlier.

Omnia, which raised funds for two acquisitions and the construction of a new fertiliser plant, said last month it had agreed to restructuring talks with creditors.

Omnia's results are expected to be released on June 21, 2019.






This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings



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