CCID Consulting’s profit jumps 72% in first half

Beijing, 3rd August: Last week, CCID Consulting, an IT research and information service provider in China, posted revenue growth of 15% in the first half of 2017, amounting to US$9.8 million. Profit in the six-month period was US$1.3 million, representing a jump of 72% compared the same period in 2016. Earnings per share were RMB 0.0076 (US$0.0011).

Nearly half of CCID’s revenues were generated from its management & strategy consultancy services (US$4.8 million). That is a moderate decrease of 2% compared to the first half of 2016. CCID’s second largest business segment is its information engineering supervision services that generated revenues of US$3.6 million or 36% of total revenues. This represents an increase of 32% year-on-year. The remaining revenues (US$1.4 million) were from the CCID’s market consultancy services, which rose 54%.

The company also released its financial results for the quarter ended 30th June. Revenues in the quarter were US$5.8 million, a year-on-year 12% increase. Profits in the period increased 79% reaching US$1.2 million.

Source: Hong Kong Stock Exchange announcement