Friday, November 22, 2013

CCID’s profit up 22%

News this week: Hong Kong-listed CCID Consulting has announced its results for the nine months ended 30th September 2013. The company reported revenues of US$16 million, up 1.6% over the first nine months of 2012. Net profit in the period grew 22% to US$1.5 million. Earnings per share in the nine-month period were RMB 0.0115 (US$0.0019).

More than 60% of total revenues were generated from CCID’s management & strategy consultancy services, amounting to US$9.7 million and up 1.1% year-on-year. Information engineering supervision services posted revenues of US$3.8 million, which accounted for 24% of the total and grew by 4.9% over the same period of last year. The remaining revenues were generated by the market research services, down 1.1% from 2012.


CCID also reported its results for the quarter ended 30th September. Revenues in the quarter were US$5.1 million, an increase of 6.5% over the same quarter last year. The company posted a net profit of US$910,000, compared with a loss of US$89,000 in 2012.

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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