Friday, August 17, 2012

CCID first half revenue up 7%


News this week: Hong Kong-listed CCID Consulting announced its interim results for the six months ended 30th June 2012. Revenues were US$10.4 million – an increase of over 7% compared with the first half of 2011.

The company recorded a net profit of US$1.3 million, a decrease of 4% over the same period last year. The management attributed the fall to an increase in development fees from business development.

CCID’s management and strategy consultancy services generated revenues of US$6.7 million or 64% of total revenues. This is a 27% increase compared with the same period last year. The company’s market research business, generated US$1.9 million which accounted for 19% of total revenues – a 17% year-on-year decrease. The remaining revenues were generated from CCID’s Information Engineering Supervision services.

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.

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