JSE-listed Huge Group on Wednesday posted triple-digit earnings growth for the first half of the year as it continued to improve operational efficiencies and contain costs.
During the six months to August, earnings a share and headline earnings a share rose 128.8% and 51.5% respectively to 9.20c apiece.
Huge’s net asset value increased by 39.92c to 278.55c a share when compared with the prior corresponding period.
The company’s net profit for the period under review rose to R7.39-million, a hike on the R3.2-million achieved in the six months to August 2013.
Revenue experienced a contraction, from R106.7-million achieved in the corresponding period the year before, to R98.9-million in the first half of the current financial year.
However, post-period revenue indicators reflected positive growth trends during the first two months of the last half of the year.