Sunday, November 20, 2011

CCID revenue up, profit down

News this week: Earlier this week, Hong Kong-listed, CCID Consulting, announced its results for the nine months ended 30th September 2011. Revenues were US$14 million – an increase of 10% compared with the first nine months of 2010. Net profit in the period was US$1.4 million, a decline of 39% over the same period last year.

CCID’s management consultancy services generated 54% of revenues – or US$7.5 million, a year-on-year increase of 47%. Information supervision services accounted for 24% of the total and posted US$3.3 million in revenues, decreasing 13% compared with the same period of last year. The remaining revenues were generated by the market research services.

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