Saturday, May 21, 2011

CCID revenues up 36% in Q1

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.

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.

No comments: