HUGE GROUP LIMITED - Unaudited condensed consolidated results for the six months ended 31 August 2022

Unaudited condensed consolidated results for the six months ended 31 August 2022

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)




UNAUDITED CONDENSED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2022

The board of directors of the Company (“the Board”) is pleased to present the unaudited
condensed consolidated interim results for the six months ended 31 August 2022 (the “Interim
Results”).

                                        6 months ended    6 months ended      Financial year
                                             31 August         31 August               ended
                                                  2022              2021         28 February
                                           (Unaudited)        (Reviewed)                2022
                                                                                   (Audited)
 Earnings per share      cents                   42.30            273.31              299.85
 Headline earnings per
 share                   cents                   42.19             34.63               58.81
 Operating profit        Rand ‘000               82 125           493 943            557 487
 Net asset value per
 share                   cents                   939.05             869.45            896.75

No dividends have been declared or paid for the six months ended 31 August 2022.

Huge Group’s strategy is centred on managing its portfolio of investments to generate greater
revenue, margin, profit, and cashflows, generating returns from the receipt of interest and
dividends from these investments, as well as generating profit from the disposal of investments. Its
approach is that of investment holding entity as opposed to a consolidated operating group.

The Board’s strategy is to deepen Huge Group’s exposure to software and x-tech markets and in
this regard is actively pursuing acquisitions in these markets to augment its current investment
portfolio.

SHORT-FORM ANNOUNCEMENT

This short form announcement is the responsibility of the Board and is only a summary of the
information contained in the full announcement released on SENS on 28 November 2022 (“the Full
Announcement”).

This short-form announcement does not contain full or complete details pertaining to Huge’s
results. Any investment decisions by investors and/or shareholders should therefore be based on
consideration        of      the       Full      Announcement         which        may       be
downloaded from Huge Group’s website at https://www.hugegroup.com/financials

and may be viewed at the registered offices of the Company and the Sponsor, at no charge,
during office hours for a period of 30 days from the date of this announcement.
The     Full  Announcement      is    also     available  on    the   JSE’s   website   at
https://senspdf.jse.co.za/documents/2022/jse/isse/HUG/HY2023.pdf

Registered office
Unit 23, 1 Melrose Boulevard, Melrose Arch, Johannesburg, 2057

Johannesburg
28 November 2022

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 28-11-2022 08:30:00
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