Huge Group expects its earnings for the year ended 29 February to be substantially higher than for the comparable period last year.

The group issued a trading statement, alerting shareholders to the fact that “a reasonable degree of certainty exists that the company’s results will improve by between 70% and 90% when compared to the results for the period ended 28 February 2011.”

However, it cautions that a range for earnings and headline earnings per share cannot be provided at present.

“As soon as the company has clarity in this regard, a further trading statement will be issued,” it says.