Efficient Group Limited reported earnings guidance for the year ended August 31, 2017. For the year, the company reported earnings per share is expected to be between 57.40 cents and 63.64 cents, reflecting an increase of between 38.2% and 53.2% compared to the EPS of 41.55 cents for the year ended 31 August 2016; and headline earnings per share (HEPS) is expected to be between 73.48 cents and 79.70 cents, reflecting an increase of between 76.9% and 91.9% compared to the HEPS of 41.53 cents for the year ended 31 August 20016; and the increase in EPS and HEPS mainly relates to the re-measurement of the forward purchase liability and the related impairment associated with the acquisition of the Select Manager Proprietary Limited group of companies, concluded in the 2015 financial year. The cash generated from operations is expected to be between 68 cents and 70 cents per share for the year ended 31 August 2017, reflecting a decrease of between 4.4% and 1.4% when compared to the cash generated from operations of 71 cents per share for the previous financial year.