Friday, May 24, 2013

CCID’s Q1 revenue down 7%


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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