Omnia reports profit surge as it escapes ill effects of Ukraine war

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Omnia reports profit surge as it escapes ill effects of Ukraine war
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Profit from continuing operations rose 80% to R1.09bn in the group's year to end-March

Chemicals, fertiliser and explosives group Omnia says profit from continuing operations rose by more than three-quarters in its year to end-March, and while chemical and food prices are surging, so far it has escaped any negative fallout from the war in Ukraine.

Revenue from continuing operations increased by 30% to R21.44bn to end-March, while profit jumped 80% to R1.09bn, with the group benefiting from robust demand for mining inputs and favourable weather conditions in SA, which has boosted agricultural demand...

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