Invicta falls, sees lower profits

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JSEPic INLSA The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

Johannesburg - Shares of engineering and capital equipment group Invicta Holdings fall almost 9 percent after company says it expects interim earnings to drop between 20 and 30 percent because of the five-month platinum strike which ended last month and a current stoppage in the metals and engineering sectors.

The company's shares are 8.6 percent lower at 101.00 rand, making it the biggest decliner on the All-share index, which is down 0.22 percent.

Invicta supplies services and equipment to the mining and engineering sectors. - Reuters



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