Huge Group, an Alt-X listed diversified telecoms firm, anticipates headline earnings per share for the six months ended August 2012, will be between 800% and 820% higher than 1.09 cents in 2011.
The group advised that earnings per share will be between 240% and 260% higher than the earnings per share of 2.80 cents before.
For the six months ended August 2011, Huge Group reported revenue of R212.34 million, down from R275.37 million in 2010.
Profit from operations for the six month period in 2011 stood at R8.566 million.
Huge Telecom is the group’s principal revenue generator. Total turnover generated in the six months ended August 2011, showed a decrease of 23% to R212.3 million, from the R275.3 million generated during the six months to the end of August 2010.
This was attributable to the loss of a number of high revenue generating, but low profit generating clients.