Omnia shares soar on higher earnings forecast

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

The stock’s price has been down 48.7% since the beginning of 2019

The listed fertiliser maker expects headline earnings per share in the six months to end-September to rise as much as 138%Shares in chemical and fertiliser maker Omnia Holdings soared nearly 10% to close at R30.14 on Tuesday, its best performance in nearly three months, after it reported that it expected its interim headline earnings would increase more than twofold.

The company’s shares initially rose more than 20% to R33.13 in early trade on Tuesday, shortly after the announcement of an expected increase in headline earnings of as much as 138% for the six months ended September 2019.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naspers sees significantly lower earnings per shareProsus expects core headline earnings per share from continuing operations to increase
Source: BDliveSA - 🏆 12. / 63 Read more »

Naspers sees significantly lower earnings per shareProsus expects core headline earnings per share from continuing operations to increase
Source: BDliveSA - 🏆 12. / 63 Read more »