Global Palm Resources Holdings Limited provided earnings guidance for the third quarter ended September 30, 2017. The Board of Directors of the company announced that, following a preliminary review of the unaudited financial statements for the quarter ended 30 September 2017, the Group is expected to report a net profit after tax which will be substantially lower than that of the preceding quarter ended 30 September 2016. The lower net profit after tax is primarily attributable to the foreign exchange differences that arose from the depreciation of IDR against SGD in relation to the holding company's IDR denominated inter-company non-working capital financing for its subsidiary, the depreciation of IDR against SGD for the Holding Company's IDR bank balances held and the depreciation of USD against SGD for the USD bank balances held.