Huge completes R20 million rights offer
·9 Sep 2014
Alt-X listed holding company, Huge Group, says it has raised R20 million in a rights offer.
The rights offer closed on Friday, 5 September 2014, and was oversubscribed by 43%.
Huge shareholders, or their renouncees, applied for a total of 28,554,109 rights offer shares, including excess applications, the group said.
In May, Huge reported a 23% decline in revenue for the year ended February 2014, from R266 million, to R203.5 million; however, headline earnings per share advanced to 13.92 cents per share, from a loss of 4.07 cents in 2013.
The group reported an operating profit of R18 million, from a prior loss of R1.2 million before.
More on Huge Group
Huge Group earnings boosted by telecoms
Loading ...