City of London Investment Group PLC provided earnings guidance for the year to date ended June 30, 2016. For the year to date ended June 30, 2016, the company expects that pre-tax profits will be approximately £8.0 million and that profits after an anticipated tax charge of £2.0 million (25% of pre-tax profits) will be approximately £5.9 million. Basic and fully diluted earnings per share are expected to be 23.6 pence and 23.5 pence. As a result of the fall in Emerging Markets during the financial year, earnings cover will be reduced this year but given the group's strong cash position.