Oceana Group Limited provided earnings guidance for the year ending 30 September 2018. The company expected basic earnings per share ("EPS") for the year ending 30 September 2018 compared to the year ending 30 September 2017 are expected to increase between 60% and 80%, to between 642.1 cents per share and 722.3 cents per share (30 September 2017: 401.3 cents per share). Basic headline earnings per share ("HEPS") for the year ending 30 September 2018 are expected to increase between 62% and 82%, to between 634.9 cents per share and 713.3 cents per share (30 September 2017: 391.9 cents per share) compared to the comparative period. Further to previous communication to shareholders the increase in EPS and HEPS is largely attributable to a USD 17 million once off release of deferred taxation following the reduction in the federal corporate tax rate in the United States of America from 35% to 21%. Improved operating profit contributions from the canned fish, horse mackerel and hake and USA fishmeal and fish oil segments have further bolstered performance.