Omnia Holdings, a leading crop nutrient manufacturer (OMNJ.J), announced on Monday a noteworthy 10% increase in its annual profit.
This impressive growth can be attributed to robust revenue expansion, which effectively countered the impact of elevated input costs during the first half of the year, as well as adverse weather conditions experienced in crucial markets.
For the fiscal year ending in March 2023, Omnia’s headline earnings per share (HEPS), the primary profitability metric in South Africa, reached 7.42 rand ($0.41), marking a rise from the previous 6.72 rand.
Omnia holds a significant presence as a fertilizer supplier in various sub-Saharan African nations, including South Africa, Zimbabwe, Zambia, Mozambique, Kenya, and Tanzania.
The company caters to both commercial and smallholder farmers in these regions. Reflecting its strong financial performance, Omnia declared a dividend of 3.75 rand, a notable increase of 36% compared to last year’s dividend of 2.75 rand.
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