Acquisitions boost Invicta amid load-shedding and lack of big projects
The industrial holding company won't pay dividend until debt is lowered and cash flows improve
25 November 2019 - 19:16
Christo Wiese’s industrial holding company, Invicta, received a boost from new acquisitions during the six months to end-September, though load-shedding and a lack of big projects weighed on its performance.
Revenue at the company’s Engineering Solutions Group (ESG) grew 7% to R2.74bn, of which R216m came from new acquisitions. The company had acquired machine tools company Forge Industrial in September 2018 and parts company Driveshaft Parts in December 2018...
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