Huge expects double-digit FY earnings growth

19th May 2017 By: Creamer Media Reporter

JSE-listed Huge Group on Friday said it expects to report a double-digit rise in earnings for the year ended February 28.

The group, which will release its results on May 31, expects earnings per share (EPS) before acquisition costs, to be 51% to 62% higher at between 28c and 30c apiece, compared with the 18.55c a share reported in the prior year.

The acquisition costs relate to the acquisition of Connectnet Broadband Wireless.

Huge’s basic EPS and headline earnings per share (HEPS) for the year under review will be between 35% and 46% higher at 25c to 27c a share, compared with the basic EPS and HEPS of 18.55c and 18.51c respectively in 2016.