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• The Group’s revenue amounted to US$5.3 million for the three months ended 31 March 2017, representing a decrease of US$0.3 million or 5% as compared with the three months ended 31 March 2016.

 

• Loss attributable to the owners of the Company for the three months ended 31 March 2017 was approximately US$0.5 million (three months ended 31 March 2016: US$0.2 million). The increase in net loss was mainly attributable to various factors including (1) for the segment of sales of power discrete semiconductors, a strategy to further penetrate the People’s Republic of China market which has resulted in lowering of average sales prices of its semiconductor products and gross profit margin; (2) lower turnover in trading of raw materials which has a relatively higher gross profit margin; and (3) increased administrative expenses primarily due to higher headcount and increased staff expenses including share option expenses incurred in the period.

 

• The Board did not declare the payment of interim dividend for the three months ended 31 March 2017.