Chemicals and fertiliser group settles debt and turns around the business
Omnia will return R1bn to shareholders after the chemicals and fertiliser group succeeded in turning around the business through settling its debt, which has been a stumbling blocks since 2019.
The company on Tuesday announced the resumption of an ordinary dividend for the first time since 2018 and declared a special dividend after swinging to a net cash of R1.2bn from in the year to March, from net debt of R1.9bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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