Odella Leather Holdings Limited provided earnings guidance for the quarter ended 30 September 2016. The company announced that it is estimated that the revenue and gross profit of the Group for the three months ended 30 September 2016 would be decreased significantly as compared to those of the corresponding period in 2015 as a result of deterioration of the business in some international brands and delays in placing orders from some brands in Australia and South Africa. In such connection, the revenue and gross profit for the three months ended 30 September 2016 is expected to drop by more than 40% and 50%, respectively, as compared to those of the corresponding period in 2015.