The Huge Group anticipates vastly improved performance at both headline and earnings per share level for the six months to August.
In a statement issued today, the company said earnings per share should gain between 120% and 140%. This translates to an increase of between 4.93c and 5.75c a share.
Headline earnings per share - seen as a key measure of profitability by analysts - should grow by between 40% and 60%, it adds. This is equivalent to a gain of between 2.43 and 3.64c per share.
A year ago, the company reported basic earnings per share of 4.11c, while headline earnings per share came in at 6.07c. This was off revenue that was almost R50 million lower, at R106 million.
At the time, it explained Huge Telecom - its largest contributor to revenue - had gained 500 clients and added 2 100 net connections, which would bolster its 2014 first half. The company also explained it has arrested the declining revenue trend and is targeting higher-margin income.
Some 18 months ago, the group simplified its telecoms unit's operational and sales structure, and changed the way it does business.
Listed companies have three months from the end of the period in which to report results, so Huge has to file by the end of this month.
Share