Huge points to turnaround

Alt-X listed ICT company Huge Group (HUG) said on Tuesday (April 24, 2012) that it anticipates earnings and headline earnings per share to be between 9.58 and 11.97 cents for the year ended February 2012, compared to a loss and headline loss per share of 15.33 and 15.41 cents per share respectively in 2011.

The group had earlier in April advised that its results would improve by between 70% and 90%, but it could not provide an accurate range at the time.

In results for the year ended February 2011, Huge Group announced revenue of R523.8 million, but recorded a pre-tax loss of R19 million.

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Huge points to turnaround