The Huge Group has announced that EPS and HEPS increased by 128,8% and 51,5% respectively for the six months ended 31 August.
During the same period, net asset value has increased by 39.92 cents per share, from 238.63 cents per share to 278.55 cents per share, while net tangible asset value has increased by 14.90 cents per share, from (7.09) cents per share to 7.81 cents per share.
In September 2014 Huge successfully raised R20-million by way of a rights offer.
In August 2014 a settlement agreement was concluded in respect of the litigation involving MTN Service Provider and iTalk Cellular, and was settled in terms of this agreement in September 2014.
Meanwhile, in October 2014 Huge Telecom closed out contracts for difference over the ordinary shares of Huge at an underlying reference price of 170 cents per share which released margined cash of R6,6-million.
In November 2014 Huge Software raised R20-million loan funding from AfrAsia Special Opportunities Fund.
