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Trading Statement
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Group” or “the company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a
listed company is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ, by at least
20%, from the financial results for the corresponding period in the prior
year.
Accordingly, shareholders are hereby advised that a reasonable degree of
certainty exists that, due to the successful negotiation by the company of
a substantial supplier discount as well as improved operating results,
earnings will improve by more than 200%, from reporting a loss for the year
ended 28 February 2013 to reporting a profit for the year ending 28
February 2014.
Thus the company anticipates that earnings per share will improve by over
200% from a loss of 11 cents per share to earnings per share in excess of
11 cents per share for the year ending 28 February 2014. Furthermore,
headline earnings per share is expected to reflect an improvement of over
500% from a headline loss per share of 4.1 cents to headline earnings per
share in excess of 16 cents per share for the year ending 28 February 2014.
This trading statement has not been reviewed or reported on by the
Company’s external auditors.
Johannesburg
26 November 2013
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
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