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Johannesburg – AltX listed telecommunications supplier Huge Group [JSE:HUG] on Thursday announced diluted headline earnings per share of 9.42 cents for the six month ended August 2010, from a diluted headline loss of 5.46 cents previously.
It posted diluted earnings per share of 9.49 cents from a prior diluted loss of 5.43 cents.
Revenue declined to R275.37m from R282.009m, with an operating loss of R4.236m from a profit of R3.13m previously.
Net profit for the period climbed to R9.09m from a net loss of R5.75m in 2009.
"Huge continues to focus on operational efficiencies, treasury management and cost containment in an effort to further increase operating profitability and shareholder value," it said.
Total turnover declined 2.3% to R275.3m from R282m earlier.
"The decline in total turnover is a direct result of the decisions of the major mobile network operators to cease paying connection incentive bonuses," Huge said.
Cellular airtime sales increased 2.7% from to R249.9m while sales of other products and services increased 23.4% to R11.8m.
Under its media segment, the group said that Eyeballs continued to develop its proprietary in-application mobile phone advertising technology.
Huge Media, a wholly owned subsidiary, established to take the Eyeballs' technology to market under the consumer brand name "Goodyz"
has acquired more than 65 000 installed users since its commercial launch in late January 2010.
It said that Huge Telecom is focussing on ensuring that the company has the required flexibility to navigate any short term industry changes.
