YTO Express (International) Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2018. For the six months, the group is expected to record a substantial increase in the revenue and net profit for the six months ended 30 June 2018 as compared to the corresponding period in 2017. Such increase is mainly attributable by the following: the contribution of air freight business revenue and profits to the Group from Best Loader Logistics Company Limited and which were acquired by the group in mid of 2017; the discontinuation of contract logistics business in the United States during the fourth quarter of 2017 which has not contributed profit to the group; the increase in demand for air freight services brought by customers in the air freight segment; the decrease in provision of doubtful debts and bad debts and increase in reversal of provisions of doubtful debts in respect of outstanding trade receivables which amounted to approximately HKD 2.1 million and HKD 4.4 million respectively; and the decrease in provision of legal and professional fees during the six months ended June 30, 2018 after the mandatory general offer completed on 1 December 2017.