Kakiko Group Limited board of directors announced that based on the preliminary management accounts of the Group and information currently available to the Company, the Group is expected to record an unaudited net profit of approximately SGD 0.7 million for the six months ended 30 June 2019 as compared to the consolidated net loss for the corresponding period ended 30 June 2018, which was mainly attributable to increases in construction demand and the charge-out rate of foreign workers as the Singapore construction industry continues to recover in 2019.