Kakiko Group Limited (02225) said the group is expected to record an unaudited net profit of approximately S$0.7 million for the six months ended 30 June 2019 as compared to the consolidated net loss for the corresponding period ended 30 June 2018.
This was mainly attributable to increases in construction demand and the charge-out rate of foreign workers as the Singapore construction industry continues to recover in 2019.
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