Basil Read Holdings Limited provided earnings guidance for the year ended 31 December 2016. The company expects a loss per share for the year ended 31 December 2016, of between 44 and 53 cents (and a loss per share from continuing operations of between 22 and 26 cents) compared to the earnings per share of 137.27 cents for the previously reported corresponding period. Shareholders are advised that Basil Read expects its headline loss per share for the year ended 31 December 2016, to be between 19 and 23 cents (and a headline loss per share from continuing operations of between 20 and 24 cents), compared to the headline earnings per share of 120.28 cents for the previously reported corresponding period. Despite the expected loss per share and headline loss per share, shareholders are advised that Basil Read expects an operating profit of between ZAR 57.5 million and ZAR 70 million compared to an operating profit of ZAR 226 million, for the previously reported corresponding period.