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Invicta Holdings First Half 2023 Earnings: EPS: R2.72 (vs R2.12 in 1H 2022)

Invicta Holdings (JSE:IVT) First Half 2023 Results

Key Financial Results

  • Revenue: R3.83b (up 7.2% from 1H 2022).

  • Net income: R317.1m (up 37% from 1H 2022).

  • Profit margin: 8.3% (up from 6.5% in 1H 2022). The increase in margin was driven by higher revenue.

  • EPS: R2.72 (up from R2.12 in 1H 2022).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Invicta Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Global Trade Distributors industry.

Performance of the market in South Africa.

The company's shares are down 2.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Invicta Holdings' balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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