Netel Technology Holdings Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2015. For the quarter, turnover was HKD 711,000 against HKD 515,000 a year ago. Operating loss was HKD 5,851,000 against HKD 4,498,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 5,860,000 or 0.61 cents per basic and diluted share against HKD 4,560,000 or 0.58 cents per basic and diluted share a year ago.

For the six months, turnover was HKD 1,292,000 against HKD 1,137,000 a year ago. Operating loss was HKD 11,848,000 against HKD 7,941,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 11,868,000 or 1.25 cents per basic and diluted share against HKD 8,007,000 or 1.05 cents per basic and diluted share a year ago. Net cash used in operating activities was HKD 10,251,000 against HKD 5,836,000 a year ago. The increase in turnover was mainly attributable to the increase in headhunting business during the period. The loss for the interim period was increased mainly due to the increase in staff costs, directors' emoluments and share-based payments recorded in the current interim period.