Netel Technology Holdings Ltd. announced unaudited consolidated financial results for the second quarter and six months ended November 30, 2013. For the quarter, the company reported turnover of HKD 0.440 million against HKD 0.493 million a year ago. Operating loss was HKD 3.156 million against HKD 3.033 million a year ago. Loss for the period was HKD 3.167 million against HKD 3.036 million a year ago. Loss for the period attributable to equity holders of the company was HKD 3.144 million or 0.49 cents per diluted share against HKD 3.034 million or 0.55 cents per diluted share a year ago.

For the six months, the company reported turnover of HKD 0.903 million against HKD 0.891 million a year ago. Operating loss was HKD 6.555 million against HKD 7.668 million a year ago. Loss for the period was HKD 6.575 million against HKD 7.678 million a year ago. Loss for the period attributable to equity holders of the company was HKD 6.528 million or 1.02 cents per diluted share against HKD 7.671 million or 1.38 cents per diluted share a year ago. Net cash used in operating activities was HKD 7.658 million against HKD 11.399 million a year ago. The slight change in Revenue was mainly attributable to the increase in headhunting business, net with the decrease in SIP Service revenue during the period.