Huge Group sees improved interim earnings

Telecommunications company the Huge Group on Monday stated that it expected its interim results to be between 750% and 770% higher than the 3,5c a share reported in the six months ended August 31, 2007.

However, the 2007 interim period’s results consisted of the trading results of the company for only one month after listing. For perspective, the current expected increase in earnings a share and headline earnings a share for the six-month period would be 25% to 28,33% higher than the corresponding full six-month period in the previous year, calculated on the August 2007 run rate.

Hence, it was expected that earnings a share and headline earnings a share for the 2008 interim period would be between 26,25c a share and 26,95c a share.

The results would be announced on October 10.

By: Creamer Media Reporter