Invicta's normalised HEPS up by 15%


The normalised earnings per share increased by seven per cent from 737 cents in 2013 to 788 cents per share in 2014, while the normalised headline earnings per share increased by 15 per cent from 667 cents in 2013 to 765 cents per share in 2014.

Invicta Holdings operates primarily in three segments which are engineering consumables, capital equipment and building materials. 

The investment holding and management company also saw its revenue growing by a 38 per cent margin from 7.5 billion rand in 2013 to 10 billion rand in 2014.


“Group revenue grew by two billion rand to 10 billion rand, of which 610 million rand was from acquisitions made this year and nine billion was organic,” said the company.

[DATA IVT:Invicta Holdings Limited]’s operating profit also improved by 18 per cent from 884 million rand in 2013 to one billion in 2014.

The company’s improved results were registered against a tough operating environment.

“Labour unrest in South Africa, a marked deterioration in the rand and subdued trading conditions in South East Asia have characterised the year under review,” added the company.

“Labour unrest was particularly debilitating in the mining industry and in the early part of the financial year, the automotive industry. Labour unrest in the platinum mining sector has continued into the new financial year, which has contributed to a contraction in GDP in South Africa in the first quarter of the 2014 calendar year.”

(READ MORE: Invicta Holdings reports constructive interim results)

The company credited the acquisitions made by the group during the prior financial year for having bolstered performance and providing a solid platform for future growth.

The company stated that going forward the operating environment would remain challenging due to drop in maize price that would consequently affect agriculture machinery products.

Strikes in sectors serviced by the group would also affect the company’s growth prospects.