Trematon Capital Investments Limited provided earnings guidance for the year ended August 31, 2018. Basic earnings per share for the year ended 31 August 2018 to be between 15 cents and 17 cents, which is between 87% and 89% lower than that for the year ended 31 August 2017 (the previous comparable period) of 134.0 cents; headline earnings per share (HEPS) for the year ended 31 August 2018 to be between 2 cents and 3 cents, which is between 90% and 85% lower than that of the previous comparable period's HEPS of 20.3 cents; intrinsic net asset value per share for the year ended 31 August 2018 to be between 466 cents and 470 cents, which is between 8.1% and 9.0% higher than that of the previous comparable period's 431 cents; and net asset value per share for the year ended 31 August 2018 to be between 405 cents and 409 cents, which is between 3.5% and 4.6% higher than that of the previous comparable period's 391 cents. The decrease in earnings and headline earnings was due to fair value adjustments on investment properties being materially lower than the prior year as well as an increase in operating expenses resulting from the acquisition of additional properties in Aria Property Group and the increase in school operating expenses in Generation Education, which is in line with the growth of these businesses.