Invicta sees sharply lower earnings due to strikes

Shares fall over 5%.

Shares of engineering and capital equipment group Invicta Holdings fell almost 9% after the company said it expects interim earnings to drop between 20 and 30%.

This was because of the five-month platinum strike which ended last month and the current stoppage in the metals and engineering sectors.

The company’s shares were 5.88% lower at R104.

Invicta supplies services and equipment to the mining and engineering sectors.

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