Invicta content with generating cash while preparing for next phase
14 November 2016 - 09:23
Christo Wiese’s industrial holding company Invicta reported an 8% growth in revenue to R5.8bn for the six months to end-September. Aftertax profit grew 7% to R319m and Invicta proposed an interim dividend of 72c per share. There were signs that SA’s devastating drought was abating and depressed commodity prices had bottomed out, deputy chairman Arnold Goldstone said. Goldstone added that improved confidence in the resources and construction markets in Africa and Asia was required before investment and expansion in the markets the group serves.
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