African Dawn Capital Limited announced restatement of earnings for the year ended 28 February 2017. Shareholders are advised that due to the company concluding agreements regarding the disposal of certain of the company's business' Knife Capital /Grindstone and Candlestick, the prior year figures have been reclassified to take into account the discontinued operations in the prior year. The reclassified numbers also include a prior period error reclassification between revenue and other income. The total loss has not changed and has been reclassified to reflect the split between continued and discontinued operations. For the year, the company reported restatement revenue of ZAR 21,360, basic loss per share continuous operations of ZAR 33.4, headline loss per share continuous operations of ZAR 33.3 compared to previously reported revenue of ZAR 36,991, basic loss per share continuous operations of ZAR 55.6, headline loss per share continuous operations of ZAR 40.1.

The company provided earnings guidance for the year ended 28 February 2018. For the year, the company expected basic loss per share to be in the range of ZAR 9.3 to ZAR 14.9, basic loss per share continuous operations to be in the range of ZAR 4.2 to ZAR 7.6, headline loss per share to be in the range of ZAR 5.9 to ZAR 9.9, headline loss per share continuous operations to be in the range of ZAR 3.3 to ZAR 6.6.