Truly International Holdings Ltd. provided consolidated earnings guidance for the six months ended June 30, 2014. The board of directors of the company announced that based on the information currently available to the company, it is expected that the consolidated profit attributable to owners of the company for the six months ended 30 June 2014 may decrease by more than 25% as compared to the consolidated profit of approximately HKD 712.6 million attributable to owners of the company for the six months ended 30 June 2013. The company announced that the expected decrease in the consolidated profit attributable to owners of the company for the six months ended 30 June 2014 was primarily attributable to the following reasons: income tax expense ­ an overprovision of income tax in respect of year 2012 of approximately HKD 68 million was recognized during the same period last year; and gross margin dropped ­ main reasons are products specification upgrade being stabilized and the effect on increasing in products' average selling price through products specification upgrade being reduced when compared to last year same period; increasing production capacity (including labour and machinery) for market growth was readily in place but the utilization rate was not up to expectation, so the factory fixed cost portion increased.