Trematon Capital Investments Limited provided earnings guidance for the six months ended 28 February 2018. For the period, the company expects earnings per share will decrease by approximately 85% and headline earnings per share will decrease by approximately 150% from the previous comparable interim period ended 28 February 2017. Earnings are expected to be approximately 7.1 cents per share and a headline loss of approximately 0.9 cents per share, compared to earnings of 46.4 cents per share and headline earnings of 1.8 cents per share for the previous interim period. The decrease in earnings compared to the previous interim period is mainly a result of the disposal of the Company's interest in the Mykonos Casino in the prior interim period which had resulted in a large once-off profit of ZAR 91.8 million. The decrease in headline earnings is mainly due to expenses related to the take-on and refurbishment of properties which were vacant during the period as well as increased school costs in preparation of the expansion of current schools. The intrinsic net asset value is expected to increase by approximately 24% to 446 cents per share from 361 cents per share. The increase is mainly due to the sale of mature properties within the Resi Investment Group and development sales at Club Mykonos Langebaan, both of which realised values in excess of the director's valuations, as well as fair value adjustments on some of the remaining properties and investments. The book net asset value is expected to increase by approximately 30% to 389 cents per share from 299 cents per share at the previous interim period.