Christo Wiese company weighs buybacks and acquisitions
Invicta says it managed to emerge from Covid-19 with lower debt and twice its cash on hand
30 November 2020 - 18:31
Christo Wiese’s industrial holding company, Invicta, says it is considering acquisitions and share buybacks, as its half-year earnings surged and net cash doubled.
Cost-containment efforts, good rain and the continuation of farming as an essential service helped underpin a 15.4% rise in headline earnings to R183.9m in the group’s six months to end-September, while net cash more than doubled to R1.5bn...
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