Conduit Capital Limited announced that financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review by management of the financial results for the year ended 30 June 2016 has indicated that: the loss per share is expected to be between 8.4 cents and 7.0 cents compared to the earnings per share of 13.2 cents for the ten months ended 30 June 2015; the headline loss per share is expected be between 3.6 cents and 2.0 cents compared to the headline earnings per share of 13.4 cents for the ten months ended 30 June 2015; and net asset value per share is expected to be between 173.7 cents and 175.1 cents, reflecting a decrease of between 2.2% and 1.4% compared to the NAV of 177.6 cents as at 30 June 2015. Earnings per share includes an impairment to the group's investment in an associate, which is excluded from the calculation of headline earnings per share. The decline in earnings per share and headline earnings per share is driven primarily by new business reserving strain in the insurance division and mark-to-market losses in the group's equity portfolio.