Diversified chemicals group Omnia will, over the next two years, focus on improving the profit margins of its companies’ services and products, ensuring that its assets and investments deliver value, as well as on pursuing international expansion of intellectual property-based businesses that offer good prospects without requiring large capital investments, Omnia group MD Adriaan de Lange said on Tuesday. Speaking at a presentation of the group’s results for the financial year ended March 31, Omnia group FD Seelan Gobalsamy added the company had put in place a bridge loan and would require a R2-billion rights issue to stabilise and fix the business over the next 24 months.
