DIVERSIFIED chemicals group, Omnia Holdings, lifted its dividend 36 percent to 375c in the year to March 31 after it produced another set of strong results in a very challenging environment, CEO Seelan Gobalsamy said.
The board of the diversified chemicals group was seeking shareholder approval for a share repurchase of up to 10 percent of the shares, or up to R500 million of share repurchases, he said in a telephone interview.
On the availability of fertiliser to the local market, something that had been of broader concern last year due to global and local supply chain constraints, Gobalsamy said commodity prices had “fallen precipitously” and commodity supplies were now “fairly stable”, but there remained concerns around local transport infrastructure. – IOL