Friday, November 22, 2013

CCID’s profit up 22%

News this week: Hong Kong-listed CCID Consulting has announced its results for the nine months ended 30th September 2013. The company reported revenues of US$16 million, up 1.6% over the first nine months of 2012. Net profit in the period grew 22% to US$1.5 million. Earnings per share in the nine-month period were RMB 0.0115 (US$0.0019).

More than 60% of total revenues were generated from CCID’s management & strategy consultancy services, amounting to US$9.7 million and up 1.1% year-on-year. Information engineering supervision services posted revenues of US$3.8 million, which accounted for 24% of the total and grew by 4.9% over the same period of last year. The remaining revenues were generated by the market research services, down 1.1% from 2012.

CCID also reported its results for the quarter ended 30th September. Revenues in the quarter were US$5.1 million, an increase of 6.5% over the same quarter last year. The company posted a net profit of US$910,000, compared with a loss of US$89,000 in 2012.

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