Odella Leather Holdings Limited Provided earnings guidance for the nine months ended of March 31, 2017. For the period, the board of directors of the company announced that the shareholders of the company and potential investors that it is anticipated that the revenue, gross profit and net profit after tax of the Group for the nine months ended 31 March 2017 would decrease significantly as compared to those of the corresponding periods in 2016. The turnover and gross profit for the nine months ended 31 March 2017 are expected to drop by more than 15% and 36% respectively, as compared to those for the nine months ended 31 March 2016 and that the Group is expected to record a net loss after tax. The expected loss for the nine months ended 31 March 2017 is primarily due to seasonal factors in the leather garment industry; and one-off professional fees associated with the general offer.