Friday, May 25, 2012

CCID revenues up 13% in Q1

News this week: Last week, Hong Kong-listed mainland media group, CCID Consulting announced its results for the first quarter of 2011. Revenues in the quarter were US$4.7 million, a 13% increase year-on-year. Gross profit in the period was up 11% to US$2.4 million.

CCID’s management attributed the growth mainly to its continuous efforts in promoting reform. The company posted a net profit of US$116,000 in the period, which represents a 15% decrease over the same period last year.

CCID’s public relation consultancy services, the company’s largest business segment, accounted for 54% of total revenues with US$2.5 million, while management consultancy services jumped 27% over last year. CCID’s second largest business segment, market research services, dropped by 7.8% year-on-year to US$1.3 million and accounted for 28% of CCID’s revenues. The remaining revenues were generated from information engineering supervision services – which increased 13% to US$887,000.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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