Netel Technology Holdings Ltd. announced unaudited consolidated financial results for the first quarter ended August 31, 2016. For the quarter, the company reported turnover of HKD 448,000 against HKD 581,000 a year ago. Operating loss was HKD 4,684,000 against HKD 5,997,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 4,688,000 or 0.44 cent per basic and diluted share against HKD 6,008,000 or 0.65 cent per basic and diluted share a year ago.