ARB Holdings Limited reported earnings guidance for the six months ended December 31, 2017. For the six months, the company expects its earnings per share for the six months ended 31 December 2017, to be between 36.19 cents and 37.86 cents which is between 30% and 36% higher than the EPS reported for the six months ended 31 December 2016, of 27,84 cents. The company headline earnings per share for the six months ended 31 December 2017, to be between 36.49 cents and 38.18 cents which is between 30% and 36% higher than the HEPS reported for the six months ended 31 December 2016, of 28,07 cents. The expected increase arises primarily from a IFRS non-cash reduction in the valuation of the Put Option Liability issued to the non-controlling interests in Eurolux, mainly attributable to a decrease in the ARB price earnings ratio applicable in terms of the Put Option. Shareholders are cautioned that this reduction in the valuation of the Put Option Liability is sensitive to the ARB share price and may also reverse in the short term.