Clover Industries Limited provided earnings guidance for the full year ending June 30, 2014. The company expects headline earnings per share (HEPS) and earnings per share (EPS) for the year ending June 30, 2014 to be more than 20% lower than the corresponding reporting period of the previous year. The decreases are attributable to a very constrained trading environment in which the full recovery of raw milk price increases and strong overall inflationary cost pressures, specifically relating to packaging and ingredient costs, will not be achieved; the adverse effect of the further selling price increases on sales volumes; a decline in principal volumes resulting in lower services rendered fees earned by Clover; and rising inflation which is progressively eroding sales volumes, especially in the non-alcoholic beverages segment.