Huge Group sees FY earnings improvement
·5 Apr 2012
Alt-X listed ICT group Huge Group (HUG) which includes Huge Telecom, said on Thursday (April 5, 2012) that it expects its results will improve by between 70% and 90% when it releases its results for the year ended February 2012.
It notes however, that a range for earnings and headline earnings per share cannot be provided at present. “As soon as the company has clarity in this regard, a further trading statement will be issued,” Huge said.
In results for the year ended February 2011, Huge announced a headline loss per share of 15.31 cents, and a basic loss of 15.33 cents per share.
Revenue stood at R523.8 million.
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