Euro Tech Holdings Company Limited (CLWT) Thursday reported loss before tax of $91,000 for the first half, lesser than $498,000 in the same period a year ago, despite decline in revenue, primarily helped by lower cost of revenue.
Loss from operations decreased to $378,000 from $718,000 loss last year.
The company posted net income of $44,000 or $0.01 per share compared with loss of $255,000 or $0.03 per share a year ago.
Revenue for the period decreased 8.8 percent to $7.26 million from $7.96 million in the previous year.
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