News this week: Last week, CCID Consulting, the Hong
Kong-listed arm of the mainland media group, released its annual results for
the year ended 31st December 2012. The company’s turnover was US$23
million, an increase of 15% over the 2011 result. However, profits recorded a
year-on-year decline of 43%, down to US$1.3 million. Diluted earnings per share
in 2012 were RMB 0.012 (US$0.0019).
More than 61% of turnover was generated
from CCID’s management & strategic consultancy services, amounting US$14
million and representing a 29% year-on-year increase. The second largest
business segment was “information supervision services”, which generated revenues
of US$4.5 million and accounted for 19% of CCID’s total turnover – that represents
a 2.2% decrease compared with 2011. Market consultancy services generated 14%
of total revenues (US$3.3 million or 18% of the total). Marketing consultancy
services dropped 8.7% compared with the previous year. The remaining income was
generated from training & technical services (5.2%) and data information
management services (0.5%).
CCID’s management attributed the decrease
in profits to increased investment in its subsidiaries and increases in labour
costs.
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:
Post a Comment