subscribe: Daily Newsletter

 

Huge Group reports better revenue, profits

0 comments

The Huge Group has reported a revenue increase of 14% for the year ended 28 February 2017.
Gross profit margins were up 18% from 41% to 48%, and EBITDA margin increased 42% from 15,1% to 21,4%.
Operating profit was 84% higher, while the operating profit margin increased 62% from 10,6% to 17,2%.
The group achieved future reductions in the cost of sales to impact profits positively.
The balance sheet has been restructured, equity raised and loans repaid with reductions in interest costs, which will also positively impact future profits.
For the latest financial year, profit before taxation was 98% higher, and profit after taxation was 36% higher.
Earnings per share before acquisition costs were up 55%, while earnings per share after acquisition costs increased.