Aveng Limited provided earnings guidance for the six months ended December 31, 2018. For the period, the company announced that the headline loss and basic loss have worsened by more than 100% compared to the 6 months ended 31 December 2017. The headline loss for the period will be between ZAR 742 million and ZAR 820 million, compared to a loss of ZAR 335 million reported in the comparative period, whilst the basic loss in earnings will be between ZAR 876 million and ZAR 967 million, compared to a loss of ZAR 347 million reported in the same comparative period. The HEPS loss and EPS loss figures have been impacted by an increase in the weighted average number of shares in the period. The weighted average number of shares in issue at 31 December 2018 has increased to 12,676.3 million (396.8 million at 31 December 2017). As a result, the headline loss per share (HEPS loss) and the basic loss per share (EPS loss) for the 6 months ended 31 December 2018 will be more than 100% better than the comparative period. The HEPS loss will be between 5.9 cents per share and 6.5 cents per share, compared to a reported loss of 84.4 cents per share to 31 December 2017, while the EPS loss will be between 6.9 cents per share and 7.6 cents per share, compared to a reported loss of 87.7 cents per share to 31 December 2017.