Wah Sun Handbags International Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2018. For the period, the company anticipated that the group will record the net prof attributable to the owners of the company in the range of approximately HKD 14 million to HKD 16 million for the reporting period as compared to the net profit attributable to the owners of the company of approximately HKD 22 million recorded for the corresponding period of last year (after deduction of the non-recurring listing expenses of approximately HKD 16 million). Even though the overall revenue of the group for the Reporting Period is expected to be slightly higher than the corresponding period of last year, the expected decrease in the net profit attributable to owners of the company for the reporting period was primarily due to additional provision made on trade receivables of approximately HKD 5.0 million and the decrease in gross profit margin as a result of the sifting out of those customers with higher profit margin but with unsatisfactory credit histories; the competitive pricing offered to secure new orders and further expand its market share; and an increase in the complexity of products sold.