SP Corporation Limited provided preliminary group earnings guidance for the first quarter ended March 31, 2017. For the quarter, the group is expected to report a loss for the first quarter ended March 31, 2017, mainly due to lower revenue and profit contribution from the commodities trading business, higher losses incurred by the tyre distribution business, and higher foreign currency exchange loss arising from depreciation of USD against SGD. The profit guidance is based on the preliminary review of the unaudited financial results of the group.