South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on earnings.
The firm said the headline loss per share, the main profit measure used in South Africa, was expected to fall to between 139c and 59c for the year ended 31 March 2019 compared with headline earnings per share of 991c a year earlier.
Omnia, which raised funds for two acquisitions and the construction of a new fertiliser plant, said last month it had agreed to restructuring talks with creditors.
The firm, which also produces explosives, has also said it would undertake a rights offer of R2-billion to cut debt.
Omnia's results are expected to be released on June 21, 2019.