Odella Leather Holdings Limited provided consolidated earnings guidance for the six months ended December 31, 2015. The board of directors of the company anticipated that the revenue and gross profit of the Group for the six months and three months ended December 31, 2015 would decreased significantly as compared to those of the corresponding periods in 2014 as a result of the sluggish luxury retail market and global macroeconomic downturn. In such connection, the turnover and gross profit for the six months ended 31 December 2015 is expected to drop by more than 25% as compared to those for the six months ended 31 December 2014.

The decreases in gross profit and increase in administrative expenses resulted in significant drop in operating profit as comparing to the operating profit in the corresponding periods in 2014. As a result, the Group is still anticipated to record profit before tax for the six months and three months ended 31 December 2015, as compared to a loss before tax in the corresponding periods in 2014.