Kakiko Group Limited provided Group earnings guidance for the six months ended 30 June 2018. For the period, the Group expects to record a loss of approximately SGD 1.3 million. For the six months ended 30 June 2017, the Group recorded a profit of approximately SGD 3.1 million (excluding one-off listing expenses). The loss was mainly due to, among other factors, (i) a decrease in the number of construction ancillary services projects awarded to the Group in first half of 2018 as compared to that in first half of 2017 which resulted in a decrease of SGD 1.2 million in its revenue; (ii) an increase of SGD 2.3 million in workers' wages and other related costs as the Group employed more workers in first half of 2018 in preparation for the upcoming large-scale public sector projects as compared to that in first half of 2017; and (iii) an increase of SGD 1.7 million in staff costs mainly due to bonus payment made to back office staff and the remuneration paid to the executive Directors and independent non-executive Directors who were appointed in late 2017.