CCID Consulting Q3 revenue up, profit down

News this week: Hong Kong-listed CCID Consulting, announced its results for the nine months ended 30^th September 2012. Revenues were US$15 million – an increase of 9.7% compared with the first nine months of 2011. However, net profit in the period was down 18% to US$1.2 million.

The Beijing-based company attributed the growth of its revenue to the continuous efforts to promote business reform and extensive promotions in the management consultancy market.

CCID also reported results for the quarter ended 30^th September. Revenues were US$4.7 million, an increase of 7.5% over the same quarter last year. The company posted a net loss of US$89,000, compared with a profit of US$18,000 last year.

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.