On Time Logistics Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the six months, the company reported revenue of HKD 1,560,775,000 against HKD 1,253,881,000 a year ago. Profit before tax was HKD 29,556,000 against HKD 2,908,000 a year ago. Profit for the period attributable to owners of the company was HKD 19,609,000 or 4.73 cents diluted per share against loss for the period attributable to owners of the company of HKD 1,194,000 or 0.29 basic and diluted per share a year ago. The increase in profit was mainly due to the overall increase in demand in the USA, recovery of the European market and increase in demand for cross-border small parcel delivery services. Due to the increasing demand for the air freight services, part of the buying costs increased resulting in adjustment of the selling rate. The consideration of approximately HKD 27 million includes contingent consideration of HKD 7,200,000 to be determined based on the future financial performance of (‘Best Loader Shanghai’). As at the date of this announcement, HKD 14,158,000 was paid to Air Partner Logistics Company Limited; and The contingent consideration of HKD 800,000 to be determined based on the future financial performance of Best Loader Logistics Company Limited (‘Best Loader HK’).