Invicta’s profit to rocket after recovering from tax provision
The industrial supplies conglomerate had been hit with an unforeseen tax liability of R200m
16 October 2019 - 10:55
Christo Wiese’s industrial holding company, Invicta, said on Wednesday profit would surge by at least R200m in its six months to end-September as it recovers from an unforeseen tax provision.
The industrial supplies conglomerate said headline earnings per share would rise to 187c from 2c previously — an increase of almost 10,000%...
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