Balwin Properties Limited provided earnings guidance for the six months and full year ended February 28, 2017. For the period, revenue is expected to be higher than that of the same period in the prior financial year, driven primarily by an increase in the demand for the unique, high-quality product. Approximately 2,600 apartments with guarantees are expected to be handed over by period end, with approximately 2,200 of those expected to have been registered at this time. The expected increase in revenue takes into account the newly adopted revenue recognition policy, which recognises revenue on the earlier of the registration in the deeds office or occupation with guarantees in place. The gross profit margin is expected to be in between 36% to 38% for the financial year. The effective tax rate is expected to be in between 27% to 29%. For the year, the company profit is expected to end higher than that for the corresponding reporting period, driven by an increase in the total number of apartments sold. Expected headline earnings per share to be in between 136 cents to 141 cents. The expected earnings per share to be in between 136 cents to 141 cents.