JSE-listed diversified chemicals group Omnia Holdings reports that it achieved solid results for the financial year ended March 31, noting that this reflected the finalisation of the group’s stabilisation plan which included the successful recapitalisation of the business.
Omnia’s balance sheet and debt profile were significantly strengthened in the year under review, following an oversubscribed rights issue of R2-billion in September 2019 and the finalisation of a new debt package at the end of December 2019.