Zeder Investments Ltd. provided earnings guidance for the six months ended August 31, 2016. For the period, the company's recurring headline earnings per share will be between 14.5 cents and 15.3 cents, or between 0.6% and 5.8% lower than the 15.4 cents reported for the six-month period ended 31 August 2015. Headline earnings per share will be between 13.8 cents and 14.8 cents, or between 126.2% and 142.6% higher than the 6.1 cents reported for the six-month period ended 31 August 2015. Attributable earnings per share will be between 13.5 cents and 14.5 cents, or between 206.8% and 229.5% higher than the 4.4 cents reported for the six-month period ended 31 August 2015. The decrease in recurring headline earnings per share was mainly due to the tougher trading conditions experienced at select unlisted investments. The company's headline earnings per share increased mainly as a result of no performance management fee provided for during the period under review, as well as a lower BEE charge incurred by Pioneer Food Group Limited. Attributable earnings per share increased by a higher percentage than headline earnings per share mainly due to non-headline losses incurred in the comparative period in the prior year.