HUG - Huge Group Limited - Publication of results for the year ended
HUG
HUG
HUG - Huge Group Limited - Publication of results for the year ended
28 February 2011 and trading update
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
("Huge" or "the company")
PUBLICATION OF RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2011 AND TRADING UPDATE
Shareholders are advised that the company is busy clarifying the appropriate
accounting treatment relating to certain asset and liability balances as at 28
February 2011 with its auditors, KPMG Inc.
Accordingly, the board of directors is not currently in a position to authorize
the release of the audited consolidated annual financial statements of the
company and its subsidiaries for the year ending on 28 February 2011.
Consequently, shareholders should expect a short delay in the publication
thereof.
In compliance with section 3.4 of the Listings Requirements, shareholders are
advised that the results for the year ended 28 February 2011 are expected to be
more than 20% lower than the results for the year ended 28 February 2010.
This trading statement has not been reviewed by the company`s auditors.
Woodmead
1 June 2011
Designated Advisor
Arcay Moela Sponsors (Pty) Limited
Date: 01/06/2011 13:46:01 Produced by the JSE SENS Department.
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