Retail Food Group Limited revised earnings guidance for the first half of fiscal 2018. On December 19, 2017, the company gave guidance that it expected statutory NPAT for the first half of fiscal 2018 to be $22.0 million, with the final result for the period depending upon the timing of the finalization of new international master license sales and the risk to franchise earnings. The company has finalized certain new master licenses contemplated by its announcement of December 19, 2017. Each of the UK licenses are effective December 2017, however, given recent variation to an element of the commercial terms thereof (post December 31, 2017), the revenue derived from these transactions will now be included in the company's full year results for fiscal 2018 (but not for first half of fiscal 2018). Accordingly, together with further consideration of additional transactional matters impacting first half of fiscal 2018, the company now expects its statutory NPAT for first half of fiscal 2018 will be less than the $22.0 million advised on December 19, 2017.