News this week: Hong Kong-listed, mainland media group, CCID Consulting, announced
its quarterly results for the three months ended 31st March 2013.
Turnover in the quarter was US$4.5 million, a 6.6% decrease year-on-year.
However, the company posted a net profit attributable to equity holders of
US$130,000 in the period, which represents an 11% increase over the same period
last year. Earnings per share in the quarter were RMB 0.12 cents.
CCID’s management & strategic consultancy services, the
company’s largest business segment, accounted for 67% of total revenues with
US$3.0 million, up 16% over last year. CCID’s second largest business segment,
information engineering supervision services, grew by 10% year-on-year to
US$989,000 and accounted for 22% of total revenues. The remaining revenues were
generated from market consultancy services – which slipped 62% to US$499,000, which
management attributed to a competitive environment in this key segment.
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