Advertisement

Invicta falls, sees lower profits

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.

The JSE is seen in this file photo: Leon Nicholas. Credit: INDEPENDENT MEDIA

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

SHOW ALL
Advertisement