INVICTA HOLDINGS LIMITED - Unaudited condensed consolidated results for the six months ended 30 September 2019

Unaudited condensed consolidated results for the six months ended 30 September 2019

INVICTA HOLDINGS LIMITED and its subsidiaries
(Incorporated in the Republic of South Africa)
Registration number 1966/002182/06 Share code: IVT    ISIN: ZAE000029773
Preference share code: IVTP   ISIN: ZAE000173399
("Invicta" or "the Company" or "the Group")


Unaudited condensed consolidated results for the six months ended 30 September 2019


                                                   30 September      30 September
FINANCIAL SUMMARY                                          2019             2018*      % Change
Shareholder's Equity                     R'000        5 317 476         5 046 773             5
Revenue                                  R'000        5 283 842         5 284 191             0
Profit for the period                    R'000          207 872            63 824           226
Basic earnings per share                 cents              149                13          1046
Headline earnings per share              cents              149                 7          2029
Net asset value per ordinary share       cents            4 210             3 960             6
Dividend per ordinary share**            cents                -                50         (100)

*    Prior year restated, refer to the full announcement for further details.
**   In light of the tax settlement and the resultant higher debt levels in the Group, the board
     has resolved not to declare an interim dividend for ordinary shares. It is anticipated that
     the normal dividend policy (of a total dividend cover ratio of 3.5 times at interim adjusted
     to 2.75 times at year-end) will be resumed once cash flows and debt levels permit.

This short-form announcement is the responsibility of the directors and is a summary of the information
in the full announcement and accordingly does not contain comprehensive details. The full announcement was
published on 25 November 2019, and may be found on the Company's website at www.invictaholdings.co.za
and also on the following link https://senspdf.jse.co.za/documents/2019/jse/isse/IVT/Int2019.pdf
Copies of the full announcement may also be requested at the Company's registered office or the office of
the sponsor, at no charge, during office hours from 25 November 2019. Any investment decision by investors
and/or shareholders should be based on consideration of the full announcement.

By order of the board

ARNOLD GOLDSTONE                         NAZLEE RAJMOHAMED
Chief Executive Officer                  Group Financial Director

25 November 2019

Invicta Holdings Limited
Registered office:
3rd Floor, Pepkor House,
36 Stellenberg Road, Parow Industria, 7493

Directors:
Dr CH Wiese* (Chairman)
A Goldstone (CEO)
C Barnard
B Nichles*
GM Pelser
N Rajmohamed
DI Samuels^
LR Sherrell*
AM Sinclair
RA Wally^
Adv JD Wiese*

* Non-executive      ^ Independent non-executive

Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers
15 Biermann Avenue
Rosebank
2196

Sponsor:
Deloitte & Touche Sponsor Services Proprietary Limited

To view the full announcement please visit our website at www.invictaholdings.co.za

Date: 25-11-2019 07:30:00
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