Netel Technology Holdings Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2016. For the quarter, turnover was HKD 363,000 against HKD 711,000 a year ago. Operating loss was HKD 6,079,000 against HKD 5,851,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 6,073,000 or 0.56 cents per basic and diluted share against HKD 5,860,000 or 0.61 cents per basic and diluted share a year ago. For the six months, turnover was HKD 811,000 against HKD 1,292,000 a year ago. The decrease was mainly attributable to the decrease in headhunting business and calling card sales, SIP Service revenue and carrier sales during the period. Operating loss was HKD 10,763,000 against HKD 11,848,000 a year ago. Loss for the period attributable to equity holders of the company was HKD 10,750,000 or 1.01 cents per basic and diluted share against HKD 11,868,000 or 1.25 cents per basic and diluted share a year ago. Net cash used in operating activities was HKD 8,863,000 against HKD 10,251,000 a year ago. During the six months ended 30 November 2016, the Group had acquired plant and equipment of approximately HKD 100,000 against HKD 197,000 for six months ended 30 November 2015.