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HUG - Huge Group Limited - Publication of results for the year ended

Release Date: 01/06/2011 13:46
Code(s): HUG
Wrap Text

HUG - Huge Group Limited - Publication of results for the year ended 28 February 2011 and trading update HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 ("Huge" or "the company") PUBLICATION OF RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2011 AND TRADING UPDATE Shareholders are advised that the company is busy clarifying the appropriate accounting treatment relating to certain asset and liability balances as at 28 February 2011 with its auditors, KPMG Inc. Accordingly, the board of directors is not currently in a position to authorize the release of the audited consolidated annual financial statements of the company and its subsidiaries for the year ending on 28 February 2011. Consequently, shareholders should expect a short delay in the publication thereof. In compliance with section 3.4 of the Listings Requirements, shareholders are advised that the results for the year ended 28 February 2011 are expected to be more than 20% lower than the results for the year ended 28 February 2010. This trading statement has not been reviewed by the company`s auditors. Woodmead 1 June 2011 Designated Advisor Arcay Moela Sponsors (Pty) Limited Date: 01/06/2011 13:46:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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