Omnia reports commendable increase in first-half operating profit

JSE-listed chemicals group Omnia has reported a 17% increase in operating profit to R802-million for the six months ended September 30, which CEO Seelan Gobalsamy says was driven by solid performances in the group’s mining and agriculture segments.

These segments also supported an improvement in Omnia’s operating margins from 6.5% in the prior comparable six months to 7.3% in the reporting period.