African Phoenix Investments Limited provided earnings guidance for the year ending September 30, 2017. For the year, earnings per share (EPS) is expected to be between 6.6 cents and 13.2 cents, reflecting a decrease of between 60% and 80% compared to the EPS of 33 cents for the year ended September 30, 2016; and the headline earnings per share (HEPS) is expected to be between 6.8 cents and 13.6 cents, reflecting a decrease of between 60% and 80% compared to the HEPS of 34 cents for the year ended September 30, 2016.