In a challenging year, Huge has sought to balance its growth aspirations with cash generation, positioning itself for longer term growth, while also delivering earnings growth. This has enabled Huge to declare a dividend of 12.5 cents per share.
Huge experienced a year of solid gains, while also enhancing its management team and concluding bolt-on acquisitions and empowerment transactions. Despite challenges, the Group ended the year in a pleasing position for future successes.
Despite the prevailing negative local economic environment, personnel changes and a demanding M&A environment, the Group produced satisfying revenue growth, maintained healthy gross profit margins, increased cash flows and enhanced returns to shareholders.
While Huge has, like many South African companies, been impacted by the tough local economic environment in the year ending February 2019, Huge has produced growth in earnings, declared a dividend, taken on a new CFO and COO, completed two bolt-on acquisitions and finalised a B-BBEE transaction.