Friday, May 23, 2014

CCID’s revenue flat in Q1, profit down 15%

News this week: Hong Kong-listed, mainland media group, CCID Consulting, announced its quarterly result for the three months ended 31st March 2014. Revenues were US$4.5 million, flat against the previous year. The company posted a profit of US$111,000 in the quarter, which represents a 15% decrease compared with the same period last year. Earnings per share in the three-month period were RMB 0.001.

More than half of CCID’s revenues were generated from its management & strategic consultancy services, amounting to US$2.4 million - which was down 20% year-on-year. Its second largest business segment, information engineering supervision services, jumped 57% year-on-year to US$1.6 million and accounted for 35% of total revenues. The remaining revenues were generated from market consultancy services, which increased slightly by 2.7% to US$512,000.

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