Omnia’s chemicals producer’s results for the year ended 31 March 2022 showed that its headline earnings per share had jumped from to 361 cents in 2021, to 672 cents which means Omnia’s turnaround strategy has proven to be a success causing its annual earnings to increase by more than 86%.
Omnia Holdings Limited’s business includes chemical products used in mining, as well as fertilizers.
Both the group’s agriculture and mining divisions benefited from a higher commodity price environment.
“These results reflect the ongoing disciplined execution of our strategy in an increasingly complex and uncertain trading environment. Our teams performed well and focused on customer needs whilst leveraging the strength of our integrated supply chain and manufacturing capabilities,” CEO Seelan Gobalsamy said.
Gobalsamy has been steering the group through its turn around, since his appointment in 2019.
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Omnia declared a final gross cash dividend of 275 cents, up from 200 cents in 2021. The group also declared a special gross dividend of 525 cents per ordinary share.
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