Huge Group EPS before acquisition costs rises by 51%

Huge Group EPS before acquisition costs rises by 51%

Huge Group said in its latest trading statement that its earning per share before acquisition rose between will be between 51% and 62%.

The latest guidance will be a higher earnings which represent an equivalent of 28 and 30 cents per share when compared to earnings per share before acquisition costs for the year ended 29 February 2016 of 18.55 cents per share.

The company advised its shareholders that a reasonable degree of certainty exists that the earnings per share before acquisition costs relating to the acquisition of Connectnet Broadband Wireless Proprietary Limited.

Huge Group also cautioned that a reasonable degree of certainty exists that basic earnings per share and headline earnings per share will be between 35% and 46% (between 25 and 27 cents per share) when compared to the earnings per share and headline earnings per share for the year ended 29 February 2016 of 18.55 and 18.51 cents per share respectively.

Huge is an investment holding Company listed on the Alternative Exchange of the Johannesburg Stock Exchange.