Industrial holding company Invicta reported an uptick in annual earnings on Monday, reflecting the payoff of the group’s deal making over the past year.

Invicta closed two big deals in the year to end-March, the first being the disposal of property owned by its Kian Ann joint venture in Singapore. The property was disposed of and the operations moved to China, which resulted in a one-off profit attributable to Invicta of R222m, or 231c, which accounted for a substantial portion of the 57% increase in basic earnings per share...

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