Sabvest Limited provided earnings guidance for the year ended December 31, 2016. For the year, the company expects net asset value per share of 3,550 cents to 3,710 cents, headline earnings per share of 2 cents to 25 cents and earnings per share of 2 cents to 25 cents. The results for 2016 have been affected by negative fair value adjustments largely arising from falls in the listed share prices of Sabvest's portfolio holdings in Brait and Torre during the year and by a one-off increase in the deferred tax liability on fair value adjustments relating to prior years due to the increase in the enacted rate of CGT.