Omnia Profit Rises 21 Percent as Supply Chain Shifts
Omnia Holdings reported headline earnings per share of 8.49 rand for the year ended March 31 while increasing its dividend payouts. The company successfully mitigated Middle East supply disruptions by sourcing ammonia from alternative global markets to protect its fertiliser production.
Insights:
Omnia Holdings reported a 21% increase in annual headline earnings per share to 8.49 rand for the year ended March 31. Profit rose from 7.04 rand the previous year as the company increased its total dividend payout to 7.50 rand. Diversifying raw material sourcing protects margins for the major southern African fertiliser supplier against a 70% surge in prices following conflict in the Middle East.
