Labat Africa Limited provided earnings guidance for the year ended 31 August 2017. The earnings per share ("EPS") and headline earnings per share ("HEPS") is expected to be 1.81 cents per share for the year ended 31 August 2017, which is 44.8% lower than the HEPS and EPS of 3.28 cents respectively per the audited results for the year ended 31 August 2016. The decline in HEPS and EPS is as primarily a result of the fact that the comparative period HEPS and EPS included a deferred tax credit of ZAR 7.9 million relating to tax losses available for set off against future taxable income. Shareholders are also advised that the Net Asset Value per share has increased by more than 80% to 4.73 from 2.59 cents per share.