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
Revenue8,278,9777,769,9487
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

Conclusion

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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