Nictus: Return to profit likely

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Nictus expected headline earnings a share for the year to March to be between 4c and 4.5c compared with the previous year’s headline loss a share of 22.93c, the company said on Friday. In a statement to the Stock Exchange News Service, the diversified investment holding group with subsidiaries in furniture retail, immovable properties, short-term insurance and financing said it expected earnings a share to rise by the same amount as headline earnings a share. The shares were untraded and closed at 72c on the JSE on Friday. – Nompumelelo Magwaza

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