Gaming services firm Success Dragon International Holdings Ltd is slowly finding its footing as it successfully trimmed its net loss for the fiscal first half to HKD29.3 million (US$3.8 million).

Success Dragon said in a regulatory filing, that the net loss the company posted this year was an improvement compared to the HKD140.3 million (US$18.1 million) it recorded a year earlier. For the six months to September 30, the Hong Kong-listed company announced a HKD81.7 million (US$10.53 million) revenue, up by 2.5 percent from the prior-year period.

Its administrative expenses, according to Success Dragon, were 32 percent year-on-year to an estimated HKD51.3 million (US$6.61 million).

“The major reason lies in the decrease in staff costs, particularly on equity-settled share-based payment,” Success said.