YPB Group Ltd. provided an update to market guidance. On 3 February 2017 and again at the AGM on 31 May 2017, the company informed the market that it expects to achieve profit breakeven by end June 2017 and to achieve a $5 million pre-tax profit for 2017. At both those times it was made clear that revenue growth was the key variable in achieving those goals and that the closure of key contracts was the driver of revenue growth. Unfortunately, those contract closures have not been achieved and the company will not hit breakeven by end June 2018 which also creates doubt around the expectation of a $5 million pre-tax profit for 2017. The board observes that an accurate prediction of the timing of closures has proven elusive and, therefore, feels it is not judicious to offer a new estimate of the timing of breakeven nor of profit for 2017. Nevertheless, it is still probable that the company can hit breakeven in second half of 2017, but again that is dependent on contract closures. Despite the lack of revenue success so far in 2017, the prospects of closure of the most valuable contracts are unchanged and closure leading to strong revenues is still expected in second half of 2017. To emphasize, this change in expectation for 2017 is not related to revenue opportunities being lost from the pipeline. Given this profit leverage to revenue growth, and given that numerous valuable contracts are likely to close prior to end 2017, the board is comfortable in stating that it expects the company to achieve at least $5 million of pre-tax profit in 2018.