Hyperinflation in Zimbabwe has distorted Omnia’s results. During the half-year period, headline earnings per share (Heps) increased by 3%, but when its Zimbabwean 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 CEO Seelan Gobalsamy.
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