Zeder Investments Ltd. provides earnings guidance for the six months ended August 31, 2012. For the six months, the company expects recurring headline earnings per share will be between 8 cents and 9 cents, or between 31,3% and 38,9% lower than that for the six months ended August 31, 2011; headline earnings per share will be between 5.5 cents and 6.5 cents, or between 26.1% and 37.5% lower than that for the six months ended August 31, 2011; and attributable earnings per share will be between 10.5 cents and 11.5 cents or between 22.1% and 33.7% higher than that for the six months ended August 31, 2011. The decrease in recurring headline earnings and headline earnings per share was mainly due to 1) a lower earnings contribution from Pioneer Foods; 2) initial losses incurred by Chayton and 3) a net interest expense as opposed to net interest income in the prior year as a result of the debt raised to fund the acquisitions of mainly Agricol and Chayton.