Invicta Holdings Ltd. provided earnings guidance for the year ended March 31, 2014. The company expects normalised earnings per share (EPS) to be 5% to 8% above those reported on for the previous corresponding period. The shareholders are reminded that the above percentage changes take into account an adjustment for the once off non-cash items, totaling ZAR 158,172,000 before tax, which were excluded from the prior year results to determine normalised EPS.

This same amount was also excluded from earnings in applying the year end dividend cover ratio of 2.75 in determining the dividend to be paid to shareholders for the prior year. If the same adjustment is made to the headline earnings per share (HEPS) as reported on for the previous corresponding period, the company expects an increase of 14% to 18% in normalised HEPS. Normalised EPS for the year ended March 31, 2014 is the same as the EPS for the year.