Omnia shares surge to best performance in almost two decades
The chemicals and fertilizer group reports a return to profit as restructuring continues
22 June 2020 - 07:59
Chemicals and fertilizer group Omnia Holding's share price surged almost a third on Monday, its best performance in almost two decades, after it said its restructuring was bearing fruit and it returned to profit in its year to end-March.
The group, which produces nitrates used in agriculture and other chemicals, had been buffeted by an exchange rate volatility and decreasing demand in the prior year, when it moved to cut jobs and restructure its businesses...
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