Walcom Group Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenues of HKD 19,560,955 against HKD 20,693,043 a year ago. Loss from operations was HKD 3,195,345 against HKD 1,415,725 a year ago. Loss before income tax was HKD 3,251,635 against HKD 1,447,232 a year ago. Loss attributable to owners of the company was HKD 3,458,992 or 5.03 cents per basic and diluted share against HKD 1,690,571 or 2.46 cents per basic and diluted share a year ago. Net cash used in operating activities was HKD 4,156,146 against HKD 2,227,163 a year ago. Purchase of property, plant and equipment was HKD 816,090 against HKD 9,768 a year ago. LBITDA was HKD 2,918,306 against HKD 1,128,308 a year ago.

The company provided earnings guidance for the year 2017. With the Company's new sales team, the Directors are confident that this will result in improved sales in the second half of the year which will have positive effect in the overall performance of the Company in the year 2017.