Netel Technology (Holdings) Limited reported audited consolidated earnings results for the year ended May 31, 2017. For the year, the company reported revenue of HKD 3,315,000 against HKD 2,367,000 a year ago. The increase was mainly attributable to the increase in e-commerce trading business during the year. Loss before income tax was HKD 21,231,000 against HKD 23,294,000 a year ago. Loss for the year was HKD 21,237,000 against HKD 23,294,000 a year ago. Operating loss was HKD 21,120,000 against HKD 23,250,000 a year ago. Loss for the year attributable to equity holders of the company was HKD 21,206,000 or 1.93 cents per basic and diluted share against HKD 23,247,000 or 2.38 cents per basic and diluted share a year ago. The decrease of the loss for the year was mainly due to the decrease in staff costs and share-based payments recorded in the current year. Net cash used in operating activities was HKD 18,445,000 against HKD 16,740,000 a year ago. Additions of intangible assets were HKD 1,713,000 against HKD 1,650,000 a year ago. Additions of plant and equipment were HKD 151,000 against HKD 592,000 a year ago. Capital expenditures were HKD 1,864,000 against HKD 2,242,000 a year ago.