African Phoenix Investments Limited provided earnings guidance for the six months ended March 31, 2018. For the six-months ended 31 March 2018, earnings per share and headline earnings per share is expected to be between 1.85 cents and 1.00 cent, reflecting a decrease of between 55% and 75% compared to the EPS and HEPS of 4.1 cents for the six months ended 31 March 2017.