Netel Technology Holdings Ltd. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended November 30, 2013
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.