CCID’s revenues up 25% in first half

Beijing, 2nd August: CCID Consulting, an IT research and information service provider in China, posted revenue growth of 25% in the first half of 2018 amounting to US$9.3 million. Profit in the six-month period was US$317,000, compared with a loss of US$1.3 million recorded in the same period in 2017. Earnings per share in the period were RMB 0.0035 (US$0.0005).

More than half of CCID’s revenues were generated from its management & strategy consultancy services amounting to US$5.3 million. That is a moderate decrease of 3.1% compared with the first half of 2017. CCID’s second largest business segment is its information engineering supervision services that generated revenues of US$3.2 million or 35% of total revenues. This represents growth of nearly 200% year-on-year. The remaining revenues (US$787,000) were from CCID’s market consultancy services which dropped 11%.

The company also announced its financial results for the quarter ended 30th June. Revenues in the quarter were US$5.6 million, a year-on-year increase of 24%. Profit in the period was US$671,000, compared with a loss of US$792,000 in the same period last year.

Source: Hong Kong Stock Exchange announcement