YTO Express (International) Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue amounted to about HKD 3,671 million for the 2017, representing an increase of about 28.0% as compared to about HKD 2,867 million a year ago. Profit before taxation was HKD 123,510,000 against HKD 16,036,000 a year ago. Earnings per diluted share were HK 23.51 cents against HK 1.2 cents a year ago. Profit attributable to owners of the Company of about HKD 98 million for the 2017, an increase of about 1,863.0% as compared to about HKD 5 million 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. Further, due to (i) the increasing demand for the air freight services, part of the buying costs increased resulting in adjustment of the selling rate. Revenue from the air freight services business has therefore increased accordingly; (ii) the decrease in salaries and wages since severance package was paid to the station managers who left the Group during the fiscal year 2016; and (iii) the disposal of e-commerce business which had not contributed profit to the Group, the Group recorded a very substantial increase in the revenue and net profit for the fiscal year 2017.