A marked turnaround at Huge Group in the second half of the year turned an interim loss into a year-end net profit of R8 million, with improved profitability reflected in year-on-year increases in gross and net profit, headline earnings and gross profit margin.

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Huge Group, an AltX listed company specialising in managed telecommunications, today reported that its revenues for the year ended 28 February 2009 had increased by a further R2,7 million with the auditing of the year-end results.

Please note that the reviewed results for the year ended 28 February 2009 are live on SENS.

Huge Group announced yesterday that it has made significant progress in its subsidiary Huge Telecom in its quest to make the Group more environmentally sustainable.