Worldgate Global Logistics Ltd. provided consolidated earnings guidance for the year ended December 31, 2016. For the year, the group is expected to record a net loss for the year 2016 as compared to the net profit for year ended December 31, 2015. The loss was mainly due to recognition of the one-off listing expenses, and an increase in administrative expense including but not limited to the establishment of office premises and hiring additional staff in Hong Kong. Nevertheless, in order to cope with the keen competition of air freight business in Malaysia, during the fourth quarter, the Company reasonably lowers its gross profit margin in an attempt to attract more customers as well as retaining existing customers and boost the revenue. As a result, the revenue increased despite a decrease in gross profit and gross profit rate. It is expected that the revenue for the year 2016 increased by approximately 20% comparing to the year 2015 and the gross profit for the year 2016 decreased by not more than 20% comparing to year 2015.