Discovery Limited provided earnings guidance for the six months ended December 31, 2019. The company largely impacted by its previously announced strategic decision to mitigate its exposure to further interest rate declines in the United Kingdom. In addition, the Group has continued its budgeted increased investment into new strategic initiatives. As a result, normalised profit from operations for the current period is expected to decrease by between 5% and 10% to between ZAR 3,609 million and ZAR 3,419 million compared to reported ZAR 3,799 million for the six months ended 31 December 2018 ('prior period') and the Group's normalised headline earnings per share (diluted) for the current period is expected to reduce by between 10% and 15% to between 330 cents and 311 cents compared to reported 366.4 cents for the prior period. Normalised profit from operations before investment in new initiatives is expected to increase by between 2% and 7% compared to the prior period as per the following reconciliation to normalised profit from operations. Normalised loss from operations was from -5% to -10%. Earnings per share (diluted) for the current period is expected to reduce by between 10% and 15% to between 317 cents and 300 cents compared to reported 352.5 cents for the prior period.