Aveng Limited provided earnings guidance for the six months ended December 31, 2016. For the period, the company expects to report adjusted headline earnings of between ZAR 1 million and ZAR 20 million. This compares to a reported headline loss of ZAR 231 million in the period ended December 31, 2015. The Group expects to report a headline loss of between ZAR 290 million and ZAR 310 million and between 25% and 34% worse than the headline loss of ZAR 231 million for the period ended December 31, 2015. Headline loss per share is expected to reduce by between 26% and 34% and be between 73.0 cents per share and 78.0 cents per share compared to headline loss per share of 58.0 cents per share for December 31, 2015. Loss for the period is expected to decrease by between 226% and 235% and be between ZAR 290 million and ZAR 310 million compared to earnings of ZAR 230 million for December 31, 2015. Loss per share is expected to reduce by between 226% and 235% and be between 73.0 cents per share and 78.0 cents per share compared to 57.8 cents earnings per share for December 31, 2015. Net debt is expected to be ZAR 937 million compared to ZAR 534 million as of June 30, 2016, mainly as a result of the weaker performance and slower than anticipated settlement of contract claim receivables in McConnell Dowell. Positively, the net position has substantially improved post-December 31, 2016 with the receipt of the remaining proceeds from the sale of Aveng Capital Partners' infrastructure investments and the settlement of previously-delayed receivables.