OMN had an increase in its revenue & earnings figure by 3% and 1%, respectively. Whilst maintaining a steady operating profit at +/- R1,700m. Despite being in a dispute with the taxman and the experiencing a deterioration in the chemicals sector, the improvement may be a result of geographical expansion in offshore operations and diversification into mining.Evidently as we can see on the chart, the stock has been recovering and creating HH since the brink of COVID. Price was supported at 5200 ZAC and broke through our resisting trendline, which then signals a possible bullish move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.