Invicta final results March 2018
Revenue from continuing operations increased marginally to R9. 639 billion (R9.632 billion) and operating profit decreased to R868.9 million (R1 billion). Profit attributable to owners was lower at R126.2 million (R533 million). Furthermore, headline earnings per share from continuing operations decreased to 90 cents per share (466 cents per share).
Preference share cash dividend
Notice is hereby given that the Directors of the Company have declared a gross cash dividend on 4 June 2018 of 634.06798 cents (12 June 2017:698.35) per preference share for the period from Tuesday, 7 November 2017 to Monday, 4 June 2018.
Ordinary share cash dividend
Notice is hereby given that the Directors of the Company have declared a gross cash dividend of 50 cents per ordinary share for the year ended 31 March 2018.
Strategic focus and prospects
The Group continues to focus on improving efficiencies and processes in its existing operations. An overall improvement in world commodity prices and market conditions in the coming year are expected to add momentum to the Group's performance. The process of internationalising the Group in order for it to be able to list offshore is on track for conclusion by the end of the new financial year. To remind stakeholders, the rationale for this is to enable Invicta to eventually list on an international stock exchange in addition to its current listing on the JSE. The listing on an international stock exchange will provide improved access to international funding for debt and/or equity, as the Group looks to expand its international footprint in a measured and focused approach. The Group continues to seek and will evaluate any suitable acquisition opportunities that arise.