Megalogic Technology Holdings Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was HKD 15,917,000 against HKD 8,614,000 a year ago. Loss before income tax HKD 1,429,000 against HKD 2,022,000 a year ago. Loss attributable to owners of the company was HKD 1,429,000 against HKD 2,022,000 a year ago. Basic and diluted loss per share was 0.60 cents against 1.01 cents a year ago.

For the six months, revenue was HKD 26,245,000 against HKD 16,731,000 a year ago. Loss before income tax HKD 3,683,000 against HKD 2,955,000 a year ago. Loss attributable to owners of the company was HKD 3,683,000 against HKD 2,955,000 a year ago. Basic and diluted loss per share was 1.54 cents against 1.48 cents a year ago. Net cash used in operating activities was HKD 2,732,000 against HKD 2,528,000 a year ago. The increase in loss attributable to owners of the Company was mainly due to the rise in design and development costs and related expenses, staff costs, depreciation and operating lease rental, which outweighted the increase in gross profit.