Alt-X listed holding company, Huge Group says that\u00a0due to the successful negotiation of\u00a0a substantial supplier discount as well as improved operating results, it is set to report\u00a0a profit for the year ending February 2014.<\/p>\n
The group \u2013 which holds and draws most of its revenue from telecoms companies, Huge Telecom, Huge Mobile and Huge Cellular, believes that earnings will improve by more than 200%, from reporting a loss for the year ended\u00a0February 2013.<\/p>\n
The company anticipates that earnings per share will improve\u00a0from a loss of 11 cents per share to earnings per share in excess of\u00a011 cents per share for the year ending 28 February 2014.<\/p>\n
Headline earnings per share is expected to reflect an improvement of over\u00a0500% from a headline loss per share of 4.1 cents to headline earnings per\u00a0share in excess of 16 cents per share for the year ending 28 February 2014, Huge said.<\/p>\n
Interims a mixed bag for Huge Group<\/strong><\/a><\/p>\n Huge to continue despite further losses<\/a><\/strong><\/p>\n Huge Telecom reports profit fall<\/a><\/strong><\/p>\n