City Lodge Hotels Limited provided earnings guidance for the six months ended December 31, 2019. For six months, the company expects basic EPS of between 136.4 cents to 117.5 cents compared to 378.9 cents reported a year ago. Normalised diluted headline earnings per share of between 191.3 cents to 172.6 cents compared to 375.1 cents reported a year ago. Normalised headline earnings of between ZAR 83.3 million to ZAR 75.1 million compared to ZAR 163.3 million reported a year ago. The decrease is as a result of weaker trading conditions in the company's primary and secondary markets as well as the adoption of IFRS 16 Leases in the current reporting period.