Healthy rise in profit is ex­pected

The Star Early Edition - - COMPANIES - – Sizwe Dlamini

IN­VICTA Hold­ings ex­pects an in­crease in profit of be­tween 25 and 30 per­cent – about R104.6 mil­lion to R125.6m – from R419m re­ported for the pre­vi­ous cor­re­spond­ing pe­riod. The Cape Town­based in­vest­ment hold­ing and man­age­ment com­pany yes­ter­day said its earn­ings a share for the year to end March could in­crease by about 97.8 cents to 117.3c from 391c re­ported for the pre­vi­ous cor­re­spond­ing pe­riod. It said head­line earn­ings a share for the year to March were also an­tic­i­pated to jump be­tween 35 to 40 per­cent – about 125.7c to 143.6c – from 359c the pre­vi­ous cor­re­spond­ing pe­riod and nor­malised head­line earn­ings a share for the pe­riod ex­pected to in­crease by be­tween 30 to 35 per­cent – about 112.6c to 131.4c – from 375c for the pre­vi­ous year. The di­rec­tors of the com­pany, which con­trols and man­ages R14 895m in as­sets, de­clared a gross cash div­i­dend of 698.35c a pref­er­ence share for the pe­riod from Novem­ber 1 last year to yes­ter­day. It said the div­i­dends would be paid out of dis­tributable re­serves. In­victa, which listed on the JSE in 1987, has about 4 800 em­ploy­ees work­ing through its di­vi­sions and re­lated com­pa­nies.

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