Friday, August 16, 2013

CCID Consulting’s H1 revenue flat

News this week: Last week, Hong Kong-listed CCID Consulting announced its interim results for the six months ended 30th June 2013. Revenues were US$11 million – almost flat with the first half of 2012. The company recorded a profit attributable to equity holders of US$497,000, down by 64% from the same period last year. Earnings per share in the six-month period were RMB 0.0044.

CCID’s management & strategy consultancy services generated revenues of US$6.8 million or 63% of total revenues. This is a 1.5% decrease compared with the same period last year. The company’s second largest business segment, information engineering supervision services, generated US$2.8 million which accounted for 26% of total revenues – a growth of 47% year-on-year as a result of increased market demand. The remaining revenues were generated from market research services, which dropped 41% year-on-year.

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