Analyze the sentiment of this statement extracted from a financial news article. Provide your answer as either negative, positive, or neutral.
Text: Finnish power supply solutions and systems provider Efore Oyj said its net loss widened to 3.2 mln euro $ 4.2 mln for the first quarter of fiscal 2006-2007 ending October 31 , 2007 from 900,000 euro $ 1.2 mln for the same period of fiscal 2005-06 .
Answer:
negative