Montauk Holdings Limited provided earnings guidance for the year ended March 31, 2017. For the year, the company expects basic earnings per share between 31.13 cents and 30.79 cents, as compared to the prior year basic earnings per share of 1.72 cents. Headline earnings per share expected to be between 32.29 cents and 31.56 cents, as compared to the prior year headline loss per share of 3.64 cents. Basic and headline earnings per share in the current year includes a deferred tax income item in the amount of USD 26.8 million that was recorded as a result of the recognition of a deferred tax asset of the same amount. The deferred tax asset relates to the group's net operating losses that may be utilised for set- off against future taxable income. Excluding the recognition of this deferred tax asset, the company would have reported basic earnings per share of between 11.41 cents and 11.06 cents, as compared to the prior year basic earnings per share of 1.72 cents. Headline earnings per share reported would have been between 12.60 cents and 11.87 cents, as compared to the prior year headline loss per share of 3.64 cents.