CCID Consulting’s profits jumps 200% in first half

Beijing, 8th August: CCID Consulting, an IT research and information service provider in China, posted revenue growth of 43% in the first half of 2019 amounting to US$13 million. Profits in the six-month period were US$1.1 million, representing an increase of 200% year-on-year. Earnings per share in the period were RMB 0.0104 (US$0.0015).

More than 60% of CCID’s revenues were generated from its management & strategy consultancy services totalling US$7.7 million. Revenues from that business segment rose 52% compared with the first half of 2018. CCID’s second largest business segment is its information engineering supervision services, which generated revenues of US$4.1 million – accounting for 32% of total revenues and representing growth of 32% year-on-year. The remaining revenues were from its market consultancy services (US$1.01 million), which increased by 33%.

The company also announced its results for the quarter ended 30th June. Revenues in the quarter were US$8.4 million, representing year-on-year growth of 53%. Profits in the period increased by 138% year-on-year reaching US$1.2 million.

 

Source: Hong Kong Stock Exchange announcement