Chinese telecommunication infrastructure provider Enice improved financially in the first half of 2016 but still recorded a loss. In a report, the company said that it registered a net loss of 3.5 million RMB ($52,3912.90).

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The company's turnover stood at 160.98 million RMB ($24.097m) for the first half of the year; a nine percent increase from the 147.1 million RMB ($22.02m) in 2015.

The company enjoyed a 176.2 percent increase in its earnings to 5.8 million RMB ($868,198.52 ) before interest, tax, depreciation and amortization (EBITDA).

The rise in the company's revenue and EBITDA has been attributed to several factors. A key aspect was its returns from Wireless and RF products, which added 51.7million RMB ($7.74m), a 385 percent rise in profit from 10.67 million RMB ($1.56m) for 2015.

Other factors included Advanced Solutions, which added 83.3 million RMB ($12.5m) down from last year's 91.9 million RMB ($13.8m). The greatest low was experienced at Network Engineering Services which contributed 26.97 million RMB ($4.04m), a drop from 43.96 million RMB ($6.58m).

Cash and assets were valued at 3.9 million RMB ($583,789), reducing from the 31 million RMB ($4.64m) registered last year.

By the end of June, Enice had 29 Chinese registered patents, 28 invention patent applications, and nine software copyrights.

Enice CEO Fred Yu said he is pleased about the company's position and expansion into the world market. He also added that the company is expected to perform better as the year continues.

"Due to the cyclicality of our business, the majority of the company's revenue and NPAT will be derived from the second half of the year," he said. "We are pleased to be building on our relationship with China Tower Company which is jointly owned by China's three leading communication carrier."

TagsEnice, Fred Yu, china, china market