IMS Group Holdings Limited provided preliminary group earnings guidance for the year ended 31 March 2018. The group may record a significant decrease in profit after tax, excluding the non-recurring listing expenses, to approximately HKD 9.9 million for the year ended 31 March 2018, compared to the profit after tax (exclude non-recurring listing expenses) of HKD 20.6 million for the year ended 31 March 2017. The board considers that such decline in profit after tax was mainly attributable to i) delay in revenue recognition as a result of delay in handover of certain projects to customers, ii) increase in staff costs owing to increase in average salary and number of staff, and iii) increase in the group's administrative expenses for the year ended 31 March 2018 as compared to last year.