Invicta Holdings Reports 7% Revenue Growth and Declares Higher Dividend for FY 2024

Invicta Holdings Limited has released its audited annual results for the year ended 31 March 2024. The results show moderate […]

Invicta Holdingings

Invicta Holdings Limited has released its audited annual results for the year ended 31 March 2024. The results show moderate growth and a stable financial performance despite economic challenges.

Financial Highlights

Invicta reported an 8% increase in shareholder’s equity, rising from R5.34 billion in 2023 to R5.77 billion in 2024.

Financial Metrics31 March 2024 (R’000)31 March 2023 (R’000)% Change
Shareholder’s Equity5,770,0605,339,1358
Profit for the Year584,117587,245(1)
Basic EPS (cents)4924812
Headline EPS (cents)470488(4)
Sustainable Headline EPS* (cents)4884645
NAV per Ordinary Share (cents)5,2504,63413
Dividend per Share (cents)1051005

Revenue and Profit

Revenue grew by 7%, reaching R8.28 billion, compared to R7.77 billion in the previous year. Profit for the year slightly decreased by 1% to R584.1 million from R587.2 million.

Earnings Per Share

Basic earnings per share (EPS) increased by 2%, reaching 492 cents. Headline EPS, however, fell by 4% to 470 cents. Sustainable headline EPS saw a 5% increase, rising to 488 cents.

Dividend Declaration

The company declared a gross cash dividend of 105 cents per ordinary share, up by 5% from the previous year’s 100 cents.

Dividend Details

The dividends will be paid from distributable reserves. A dividend tax (DT) of 20% will apply for non-exempt shareholders. This will result in a net dividend of 84 cents per ordinary share for those liable to pay DT.

Key Dividend Dates

  • Last day to trade: 30 July 2024
  • Shares trade ex-dividend: 31 July 2024
  • Record date: 2 August 2024
  • Payment date: 5 August 2024

Share certificates may not be dematerialized or rematerialized between 31 July 2024 and 2 August 2024.

Directors and Governance

The board includes notable figures such as Dr. CH Wiese, serving as Chairman, and S Joffe as CEO. The company’s governance includes a mix of executive and non-executive directors, ensuring a balanced oversight.

Board of DirectorsPosition
Dr. CH Wiese*Chairman
S JoffeCEO
C BarnardDirector
N RajmohamedDirector
LR Sherrell*Director
RA Wally^Director
Adv JD Wiese*Director
PM Makwana^Director
I Van Heerden*Director
F Davidson^Director


Invicta Holdings Limited has shown resilience and consistent growth in the financial year ending March 2024. The financial health of the company is reinforced by strong revenue growth and a solid dividend declaration, underscoring the board’s commitment to delivering shareholder value.

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