A growing order book following a period of customer destocking sent YY’s revenues up 4% last year to $8,182,161,000 against $7,890,168,000 and net income attributable to shareholders up 43% to $392,415,000 from $274,710,000. The bottom line was partially offset by disputed taxes owed by its Indonesian subsidiaries. Excluding that, net income would have been up around 55-60%. Expense control measures throughout the year reduced costs and improved efficiency, resulting in a 6% drop in distribution expenses, while administrative expenses ticked up just 1%, helping to reduce overall operating costs. YY’s ... Log in to view full article.