Despite the widespread national and international challenges posed by the COVID-19 pandemic since April, diversified chemical and plant nutrition group, Omnia, was able to improve its financial performance during its first half-year ended 30 September 2020 (H1 2020).
Omnia’s CEO, Seelan Gobalsamy, attributed this improvement to key achievements, including a review and refocus of his group’s key operating businesses, further improvements in net working capital management and margins, increased cash generation and lower capital expenditure, and improved sustainability metrics.
For its H1 2020 the Omnia group, which comprises agriculture, mining, and chemical segments, with a presence in 45 countries, reported revenue of R8,2 billion (H1 2019: R8,3 billion); operating profit of R341 million (H1 2019: R273 million); and earnings before interest, taxes, depreciation and amortisation of R742 million (H1 2019:…