8Telecom International Holdings Co. Ltd. announced unaudited group earnings results for the second quarter and half year ended June 30, 2018. For the quarter, the company reported revenue of SGD 145,000 against SGD 396,000 a year ago. The Group's revenue was due to projects secured by its subsidiary, Arete M Pte. Ltd. Loss before income tax was SGD 395,000 against SGD 88,000 a year ago. Loss for the period was SGD 395,000 or 0.27 cents basic and diluted per share against SGD 88,000 or 0.08 cents basic and diluted per share a year ago, this change was mainly due to an increase in the business operations of Arete M. For the half year, the company reported revenue of SGD 194,000 loss before income tax was SGD 1,026,000 against SGD 614,000 a year ago. Loss for the period was SGD 1,026,000 against SGD 614,000 a year ago. Net cash used in operating activities was SGD 2,072,000 against net cash provided by operating activities of SGD 373,000 a year ago. Net asset value per ordinary share as at June 30, 2018, was negative SGD cents 3.37.