By Hong Kong Newsroom
HONG KONG (Mar 20) -- Hong Kong-listed Kakiko Group expects its net profit for 2017 to fall by about 36.6% from the previous year because of a decrease in revenue, increased competition in manpower outsourcing and higher costs, it said in an exchange filing on Tuesday.
The Singapore-based company, which provides labor for construction contractors and offers dormitories to workers, said revenue was expected to fall to S$44.4 million ($33.7 million) from about S$45.1 million in 2016. The decrease excludes one-time listing expenses. The company listed it shares in Hong Kong in October.
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