Lafe Corporation Limited announced unaudited group earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of USD 3,811,000 against USD 2,948,000 a year ago. Loss before taxation was USD 2,729,000 against USD 282,000 a year ago. Net loss for the period was USD 2,734,000 against USD 287,000 a year ago. Net cash used in operating activities was USD 4,084,000 against USD 1,323,000 a year ago. Acquisition of property plant and equipment was USD 37,000 against USD 308,000 a year ago. The increase in revenue was mainly attributable to the increase in the revenue generated from the Vigers Group's Operations. The cash movement in second quarter of 2018 was mainly attributable to the payments made for rental guarantee of USD 0.6 million, rental deposits of USD 0.4 million for a new office in Hong Kong and stamp duty and other transaction costs of USD 1.7 million for the proposed acquisition of the property at Sophia Road . For the six months, the company reported revenue of USD 7,391,000 against USD 5,928,000 a year ago. Loss before taxation was USD 2,811,000 against profit of USD 359,000 a year ago. Net loss for the period was USD 2,822,000 or 11.14 US cents diluted per share against net income of USD 343,000 or 1.35 US cents diluted per share a year ago. Net cash used in operating activities was USD 7,613,000 against USD 2,984,000 a year ago. Acquisition of property plant and equipment was USD 41,000 against USD 312,000 a year ago.