SMIT Holdings Limited provided earnings guidance for the six months ended 30 June 2018. The Group expects to record a slight loss of not more than USD 1,000,000 as compared to a profit that was recorded for the six months ended 30 June 2017. The loss is mainly attributable to the decrease in revenue from sales of company two product types, namely CAM and mPOS. Company revenue from sales of CAM products in the six months ended 30 June 2018 decreased by approximately 35% to 45% as compared to that of the corresponding period in 2017 primarily due to decrease in demand from certain major customers. Company revenue from sales of mPOS products in the six months ended 30 June 2018 decreased by approximately 10% to 15% as compared to that of the corresponding period in 2017 mainly due to intensifying industry competition.