News this week: Earlier this month, Hong Kong-listed CCID
Consulting reported its
interim results for the six months ended 30th June 2014. Revenues
were US$9.5 million – an 11% decrease year-on-year. However, the company
recorded a net profit of US$573,000, up 17% compared with the same period in
2013. Earnings per share in the six-month period were RMB 0.0051.
More than 60% of CCID’s
revenues were generated from its management & strategy consultancy services
amounting to US$5.8 million. This is a 14% decrease compared with the first
half of 2013. The company’s second largest business segment, information engineering
supervision services generated US$2.6 million which accounted for 27% of CCID’s
total revenues – that is a year-on-year decrease of 4.6%. The remaining
revenues were generated from its market research services, which slid 6.6% versus
the same period in 2013.
CCID also released
its results for the quarter ended 30th June. Revenues in the quarter
were US$5.0 million, down 19% over the same quarter in 2013. Net profit increased
28% compared with last year rising to US$462,000.
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