On Time Logistics Holdings Limited provided earnings guidance for the six months ended 30 June 2015. For the period, the company expects to record a significant decrease in revenue and net profit of the company as compared to the corresponding period in 2014, and such decrease is mainly attributable to the followings: (a) the demand for air freight services brought by customers in the air freight segment has decreased; (b) the poor economy in Europe and South America; (c) the increment of staff cost and rental expense due to the expansion of sales team and ancillary and contract logistics services business; (d) the increment in provision of doubtful debts and bad debts during the six months ended 30 June 2015 specially for one of the Group's agents in Brazil and the default in payment thereby, the Group is expected to make a provision for doubtful debts in respect of the outstanding trade receivable owed by that agent to the Group, which amounted to approximately HKD 7 million as at 30 June 2015; and (e) the absence of any substantial increase in revenue brought by the air freight segment for the six months ended 30 June 2015 whereas the Group recorded a significant increase in revenue brought by the air freight segment by the substantial increase of volume of shipments by a customer in the corresponding period last year.