Currency Exchange International, Corp. reported earnings results for the fourth quarter and full year ended October 31, 2017. For the quarter the company reported revenues increased 22% or $1.7 million to $9.4 million from $7.7 million for the three month period ended October 31, 2016, net operating income increased 18% or $390,000 to $2.6 million from $2.2 million for the three month period ended October 31, 2016. The increase in net operating income was primarily due to an increase in the number of customer transactions resulting from the addition of three new CXI branches as well as 10% growth in wholesale banknote transacting locations since October 31, 2016, and net income decreased 3% or $42,000 to $1.3 million from $1.4 million for the three month period ended October 31, 2016. The decrease in net income is primarily due to increased income tax expense in the quarter. Diluted earnings per share were $0.21 against $0.22 a year ago. For the full year, the company revenues increased 21% or $5.6 million to $32.5 million from $26.8 million for the year ended October 31, 2016, net operating income increased 15% or $1 million to $7.9 million from $6.9 million for the year ended October 31, 2016, the increase in net operating income is attributable to an increase in the number of customer transactions resulting from the addition of three new CXI branches as well as 10% growth in wholesale banknote transacting locations since October 31, 2016 and net income increased 5% or $180,000 to $3.8 million from $3.6 million for the year ended October 31, 2016. The lower rate of growth in net income compared to net operating income is attributable to a 56% increase in income tax expense that arose because of a change in the mix of income between the Company’s Canadian and US based operations.