Austro Group Limited provided earnings guidance for the six months ended February 29, 2012. For the six months, the company anticipates earnings per share and headline earnings per share to be more than 20% lower compared to the previous corresponding period. The company expects to report loss per share between 34.3 cents and 40.3 cents and head line loss per share between 3.1 cents and 3.7 cents. Some of the major negative variances affecting the comparison include an onerous lease expense in respect of one of the groups' premises; the impairment of goodwill and a higher tax expense due to the Austro Wood (Pty) Ltd. taxable loss and the impact of not raising a deferred tax asset on the taxable loss.