PSG Group Limited provided earnings guidance for the six-month period ended 31 August 2018. For the period, the company expects recurring earnings per share will be between ZAR 5.00 and ZAR 5.05, being between 21.4% and 22.6% higher than the ZAR 4.12 reported for the six-month period ended 31 August 2017; Headline earnings per share will be between ZAR 5.05 and ZAR 5.10, being between 39.1% and 40.5% higher than the ZAR 3.63 reported for the six-month period ended 31 August 2017; and Attributable earnings per share will be between ZAR 5.12 and ZAR 5.20, being between 32.6% and 34.7% higher than the ZAR 3.86 reported for the six-month period ended 31 August 2017. Headline and attributable earnings per share increased by higher margins than recurring earnings per share mainly due to a fair value gain recognised by Zeder on its investment in Joy Wing Mau (previously known as Golden Wing Mau), which is in process of being disposed of as detailed in Zeder's announcement made on the JSE's Stock Exchange News Service on 21 September 2018.