UTS Marketing Solutions Holdings Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2017. For the year, the group is expected to record a significant decrease in the net profit by more than 60% as compared with the corresponding year in 2016. Such reduction in net profit is mainly attributable to (i) the increase in non-recurring listing expenses of approximately MYR 3.8 million incurred by the Group on professional and consultancy fees in preparation of the listing of the shares of the company on the Main Board of the Stock Exchange; (ii) the recognition of foreign exchange loss of approximately MYR 2.6 million for the year ended 31 December 2017; and (iii) the increase in staff cost.