Novus Holdings Limited provided group earnings guidance for the year ended March 31, 2018. The group announced that it is satisfied that a reasonable degree of certainty exists that the financial results to be reported on for the year ended March 31, 2018 will differ by 20% or more from the financial results of the previous corresponding reporting period. Factors that negatively impact the Group's earnings per share relative to the comparative period result from the recently renegotiated printing agreement with Media24, the terms of which were disclosed in the announcement disseminated on the Stock Exchange News Service on 26 March 2018, as the Group aims to mitigate the anticipated financial impact thereof on future earnings. Measures taken to date include the closure of Paarl Coldset Pietermaritzburg on March 31, 2018 and the decommissioning of unutilised production equipment at other locations. In the light of these factors, shareholders are advised that the Group expects its basic EPS for the year ended March 31, 2018 to be lower than the corresponding period by at least 60 cents (75%), when compared to the reported EPS of 80.4 cents for the previous corresponding reporting period. Currently, the Group's headline earnings per share is not expected to be differing by more than 20%, when compared to the reported HEPS of 110.8 cents for the previous corresponding reporting period.