Invicta falls, sees lower profits

Comment on this story
IOL image JSE interior view INDEPENDENT MEDIA The JSE is seen in this file 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

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines