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CHEMICALS
Buoyant agricultural markets boost Omnia's earnings
 
4th June 2008
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JSE-listed Omnia, which makes chemicals, explosives and fertilisers, said on Wednesday that it expected its headlines earnings a share and earnings a share rise by between 25% and 35% for the year ended March 31.

The boosted earnings were in line with its forecasts, and were thanks to more buoyant conditions in agriculture markets, spurred by the global biofuels boom.

This was in conjunction with an improvement in Omnia's Protea Chemicals division, it said in a note to the Johannesburg bourse.

"Omnia remains focused on balancing the group's risk profile and pursuing new growth opportunities, both nationally and internationally," the firm commented.

The company planned to publish its results for the year on or about June 18.


Edited by: Mariaan Webb

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