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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 a
reasonable degree of certainty exists that the financial results to be
reported upon next will differ, by at least 20%, from the financial results
for the corresponding period in the prior year.
Huge is in the process of preparing its financial results for the year
ended 28 February 2017.
Shareholders are accordingly advised that a reasonable degree of
certainty exists that the earnings per share before acquisition costs
relating to the acquisition of Connectnet Broadband Wireless
Proprietary Limited (details of which are contained in the SENS
announcement dated 26 May 2016) will be between 51% and 62%
higher (between 28 and 30 cents per share) when compared to
earnings per share before acquisition costs for the year ended 29
February 2016 of 18.55 cents per share.
Shareholders are further advised that a reasonable degree of certainty
exists that basic earnings per share and headline earnings per share will
be between 35% and 46% (between 25 and 27 cents per share) when
compared to the earnings per share and headline earnings per share
for the year ended 29 February 2016 of 18.55 and 18.51 cents per share
respectively.
This trading statement has not been reviewed or reported on by the
Company’s external auditors.
The results will be released on or before 31 May 2017.
Johannesburg
19 May 2017
Sponsor
Questco Proprietary Limited
Date: 19/05/2017 01:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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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.
