Netel Technology (Holdings) Limited reported audited consolidated earnings results for the year ended May 31, 2018. For the year, the company reported revenue of HKD 29,052,000 against HKD 3,315,000 a year ago. Loss before income tax was HKD 2,956,000 against HKD 21,231,000 a year ago. Loss for the year was HKD 3,097,000 against HKD 21,237,000 a year ago. Operating loss was HKD 1,908,000 against HKD 21,120,000 a year ago. Loss for the year attributable to equity holders of the company was HKD 3,186,000 or 0.27 cents per basic and diluted share against HKD 21,120,000 or 1.93 cents per basic and diluted share a year ago. Net cash used in operating activities was HKD 3,287,000 against HKD 18,445,000 a year ago. Additions of intangible assets were HKD 2,948,000 against HKD 1,713,000 a year ago. Additions of plant and equipment were HKD 339,000 against HKD 151,000 a year ago.