Cavalier Corporation Limited provided earnings guidance for the six months ended December 31, 2011. For the six months, the company's tax-paid profit is likely to be around $3.5 million or 59% down on the previous year's equivalent of $8.5 million after tax. As a result of this disappointing result for the first half and a very slow start to the second half, it is now extremely unlikely that the company will finish the full year within the $8.5 million to $10.5 million tax-paid earnings guidance range provided to shareholders at the Annual Meeting last November.