Huge Group reports surge in interim profit
JSE-listed Huge Group on Friday reported a 58% rise in operating profit to R14 million for the six months ended August 2015.
Huge Telecom said its fixed-wireless combination of GSM and fixed-cellular routing is starting to gain traction as a substitute for fixed copper landlines.
Revenue climbed 8% higher than the previous comparable period, to R107 million, while the group declared an interim gross dividend of 4 cents per share.
The company reported headline earnings per share of 9.40 cents versus 9.20 cents before.
Operating expenses during H1FY16 amounted to R31 million, down from R33 million before, while employee expenses amounted to R21.2 million, the same as before.
Monthly sales of telephone lines aver aged approximately 800 during H1FY16 (H1FY15: 1 100).
Huge said that the Average Revenue per User, where the user is defined as an
installed telephone line, amounted to just over R600 for H1FY16.
The average selling price for a fixed-line minute during H1FY16 was R0.36 cents per minute.
More on Huge Group
Huge Group in R82 million bid for Centracom
Huge Group in acquisition talks
Loading ...