Trematon Capital Investments Limited provided earnings guidance for the year ended 31 August 2019. For the period, the company expects basic earnings per share for the year ended 31 August 2019 to be between 10 cents and 11 cents, which is between 39.3% and 33.3% lower than that for the year ended 31 August 2018 ("the previous comparable period") of 16.5 cents; headline earnings per share ("HEPS") for the year ended 31 August 2019 to be between 1.8 cents and 2.2 cents, which is between 35.7% and 21.4% lower than that of the previous comparable period's HEPS of 2.8 cents; This decrease in earnings and headline earnings was mainly due to an increase in the effective tax rate in the current year as a result of property sales within companies where their assessed losses were fully utilised in prior years. Trematon's earnings and headline earnings are inherently volatile and do not provide an accurate indication of the operations of the Trematon group.