The board of directors of SK Target Group Limited announced that based on the preliminary review by the Board of the unaudited consolidated management accounts of the Group for the six months ended 30 November 2017, the Group expects to record a loss after tax attributable to the Shareholders of not exceeding MYR 2.7 million for the six months ended 30 November 2017 as compared to a profit of MYR 2.7 million in the corresponding period in 2016. Based on the information currently available, the board considers that the loss suffered by the Group for the six months period ended 30 November 2017 is mainly attributable to (i) a decrease in revenue, mainly due to decrease in the revenue generated from the manufacturing and trading business; (ii) a non-recurring listing expenses of approximately MYR 2.4 million and (iii) an increase in administrative expenses mainly because of the increase in staff costs paid to Directors and staff by reason of business expansion and audit fee and other professional costs in relation to the compliance with the GEM Listing Rules during the period.