
Assessing Omnia's half-year performance
Lungelo Mpangase
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Description
Hyperinflation in Zimbabwe has distorted Omnia's results. During the half-year period, headline earnings per share (HEPS) increased by 3% but when the Southern African nation's operations are excluded adjusted HEPS grew 31.9% to 401c, boosted by a 19% jump in revenue. To make sense of the numbers, Business day TV spoke to Omnia's CEO, Seelan Gobalsamy.