Adcorp Holdings Limited provided earnings guidance for the half year ended August 31, 2018. For the period, the company has posted total basic earnings per share of between 82 cents and 100 cents per share compared to the total basic loss per share of 120.7 cents for the period ended 30 August 2017. This amount arises from both continuing and discontinued operations as follows: Basic earnings per share from continuing operations of between 88 cents and 95 cents per share compared to the prior period basic loss per share from continuing operations of 49.0 cents. Basic loss per share from discontinued operations of between 0.29 cents and 0.61 cents per share compared to the prior period basic loss per share from discontinued operations of 71.7 cents which is an improvement between 100% and 99%. Total headline earnings per share of between 85 cents and 93 cents compared to the total headline loss per share of 40.1 cents for the period ended 30 August 2017. This amount arises from both continuing and discontinued operations as follows: Headline earnings per share from continuing operations of between 87 cents and 90 cents compared to the prior period headline loss per share from continuing operations of 28.2 cents. Headline loss per share from discontinued operations of between 0.29 cents and 0.61 cents per share compared to the prior period headline loss per share from discontinued operations of 11.9 cents which is an improvement between 98% and 95%. Total EBITDA for the period to August 2018 will range between ZAR 200 million and ZAR 220 million compared to ZAR 95 million in the period to August 2017. The improved EBITDA position, together with the focus on liquidity and working capital management has strengthened the cash position of the Group. Cash generated by operations was ZAR 360 million compared to ZAR 122 million in the period to August 2017. The closing cash at bank balance was ZAR 599 million compared to negative ZAR 19 million at 31 August 2017. This has also resulted in a reduction in the net debt position to ZAR 632 million and a net cost of funding reduction across the Group.