Kakiko Group Limited provides earnings guidance for the year 2017. For the year, the company expects to record a decrease in profit by approximately 36.6% for the Year as compared with that for the preceding financial year (excluding one-off listing expenses incurred in the respective financial years). The decrease in profit (excluding one-off listing expenses) was mainly attributable to, among other factors, (i) the decrease in revenue from approximately SGD 45.1 million for Year 2016 to approximately SGD 44.4 million for the Year; (ii) the company adopted a more aggressive pricing strategy in order to secure new contracts due to intensifying competition in the manpower outsourcing and ancillary services industry; and (iii) the increase in costs of services from approximately SGD 29.5 million for Year 2016 to approximately SGD 32.7 million for the Year.