Megalogic Technology Holdings Limited reported unaudited group earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of HKD 14.35 million compared to HKD 11.94 million a year ago. Loss before income tax was HKD 2.74 million compared to loss before income tax of HKD 1.69 million a year ago. Loss for the period attributable to owners of the company was HKD 2.74 million or 1.12 cents per basic and diluted share compared to loss for the period attributable to owners of the company of HKD 1.67 million or 0.78 cents per basic and diluted share a year ago.

For the nine months, the company reported revenue of HKD 40.59 million compared to HKD 28.67 million a year ago. Loss before income tax was HKD 6.42 million compared to loss before income tax of HKD 4.64 million a year ago. Loss for the period attributable to owners of the company was HKD 6.42 million or 2.66 cents per basic and diluted share compared to loss for the period attributable to owners of the company of HKD 4.63 million or 2.26 cents per basic and diluted share a year ago. The substantial increase in loss was mainly due to the rise in staff costs, depreciation, operating lease rental and legal and professional fee for proposed capital injection which
outweighed the increase in gross profit.