News this week: Hong Kong-listed, mainland media group, CCID Consulting announced its results for the first quarter of 2011. Revenues in the quarter were US$4.0 million, a 36% increase year-on-year. The company posted a net profit of US$131,000 in the period, which represents a 17% growth over the same period last year.
CCID’s largest business segment, its management and public relation consultancy services, doubled last year’s revenue to US$1.9 million and accounted for 47% of total revenues. Market research services jumped 131% to US$1.4 million – accounting for 34% of CCID’s revenues. The remaining revenues (US$755,000) were generated from the information and data management services which contracted 47% compared with the same period in 2010.
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