Spanjaard Limited provided updated earnings guidance for the year ended February 29, 2020. Due to a material adjustment that needed to be made to taxation and deferred taxation, the earnings per share and headline earnings per share is now expected to reflect earnings of 26.1 cents and 27.5 cents respectively for the year ended 29 February 2020 against the previous expectation of 8.5 cents and 9.9 cents respectively.