Netel Technology (Holdings) Limited reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2017. For the quarter, the company reported turnover of HKD 1,419,000 against HKD 487,000 a year ago. Operating loss was HKD 4,570,000 against HKD 8,337,000 a year ago. Loss for the period was HKD 4,579,000 against HKD 8,342,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 4,568,000 or 0.74 cents per basic and diluted share against HKD 8,334,000 or 0.84 cents per basic and diluted share a year ago. For the nine months, the company reported turnover of HKD 2,230,000 against HKD 1,779,000 a year ago. Operating loss was HKD 15,333,000 against HKD 20,185,000 a year ago. Loss for the period was HKD 15,350,000 against HKD 20,225,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 15,318,000 or 1.86 cents per basic and diluted share against HKD 20,202,000 or 2.10 cents per basic and diluted share a year ago. The turnover increase was mainly attributable to the increase in e-commerce business, net with the decrease in calling card sales, SIP Service revenue and carrier sales during the period. The decrease of the loss for the period was mainly due to the decrease in staff costs, directors' emoluments and share-based payment in the current period.