Group revenue rose 25.7 per cent to 7.5 million rand for the six months ended 30 September 2013 from 5.9 million rand for the same period in 2012.
Gross profit also increased 21.3 per cent to 1.5 million rand from 1.3 million rand in the previous year.
“The macro environment for this period was positive for our mining division, and mixed for our agriculture and chemicals division,” the group said in a statement.
“Global economic performance was varied, with moderate growth in emerging economies and a steady recovery in the USA economy being offset by subdued conditions in the Eurozone economies.”
Omnia is a specialised chemical products and services provider in the mining, agricultural and chemical sectors. Its brands include BME, Protea Mining Chemicals and Protea Chemicals.
South Africa’s weaker rand against the dollar also had a positive impact on the group’s divisions’ selling prices.
However, the group explained that the muted economic activity levels in the Southern African mining sector had hindered the group’s chemical division, as the region is its primary customer base for the particular product.
Operating profit increased 15.2 per cent to 628 million rand from 545 million rand in the previous year.
This was on the back of the improved operating profit of the group’s mining and chemicals divisions, offset by a reduction in the operating profit of the agriculture division.
Profit for the period was also up 16.8 per cent to 424 million rand from 363 million rand in the previous period.
Earnings per share were up 16.7 per cent to 637.0 cents per share from 546.3 cents in the previous year. The group’s dividend was also up 23.3 per cent to 185 cents per share from 150 cents in the previous year.
Revenue for the Omnia mining segment increased 37 per cent to R2.7 million rand from 2 million rand in 2012. This was on the back of strong volume growth especially outside of South Africa, and higher sales prices on the back of the weaker rand.
The mining industry is serviced through Omnia’s BME and Protea Mining Chemicals brands. BME operates throughout Africa but has a particularly strong presence in Southern and West Africa.
Revenue for the group’s agriculture segment also increased 23.8 per cent to 2.7 million rand from 2.1 million rand in the previous comparative year. This was on the back of higher volumes and higher fertilizer sales prices.
Revenue for Omnia’s chemicals division also increased by 15.1 per cent to 2 million rand. This is from 1.7 million rand in the previous year.
“Omnia celebrates its 60th birthday and has built an excellent understanding of not only its core markets here in South Africa but also in the fundamental industries of mining and agriculture in Africa,” the group explained.