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).

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Sino Splendid’s revenues rise 16% in first half

Hong Kong, 8th August: Last week, Hong Kong-listed Sino Splendid (formerly China.com) released its results for the six-month period ended 30th June 2019. Revenues in the first half were US$6.2 million, a year-on-year increase of 16%. The company reduced its loss to US$638,000, compared with a loss of US$1.9 million in the same period in 2018.

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RELX’s exhibition revenues up 5%

London, 25th July: This week, London-listed RELX Group (formerly Reed Elsevier) also reported its results for the six months ended 30th June 2019. The group’s total revenues were £3.9 billion (US$4.9 billion), representing an underlying growth of 3%. Adjusted operating profits in the period were up 4% to £1.2 billion (US$1.6 billion).

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Pico Thailand’s revenues down, but profits up

Bangkok, 13th June: The Thai-listed subsidiary of Pico Far East Holdings, Pico Thailand, also released its results for the quarter ended 30th April 2019. Revenues in the quarter were US$13 million, representing a year-on-year decrease of 8.3%. However, its profit increased by 21% in the quarter reaching US$492,000.

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Pico’s revenues up 5.5% in first half

Hong Kong, 19th June: Earlier this week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2019. Revenues were US$315 million, representing year-on-year growth of 8%. Profit from core operations in the first half increased by 5.5%, amounting to US$24 million. Diluted earnings per share in the six-month period were HK$0.0995 (US$0.013).

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Baidu posts loss in Q1

Beijing, 16th May: Last week, Baidu, the leading Chinese language Internet search provider, announced its financial results for the quarter ended 31st March 2019. Total revenues in the quarter were US$3.6 billion, which represents a 15% increase year-on-year. Excluding the impact of announced divestures, the increase was 21%. However, the company posted a net loss of US$49 million, compared to a net profit of US$1.1 billion last year.

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Alibaba’s full year revenues jump 51% to US$56b

Hangzhou, 15th May: Earlier this week, China’s largest e-commerce company, the Alibaba Group, announced its financial results for the quarter ended 31st March 2019 as well as its results for the financial year ended 31st March 2019. The company recorded revenues of US$14 billion in the quarter, which was an increase of 51% year-on-year. Net income in the period jumped more than 240%, reaching 3.8 billion.

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Sino Splendid’s revenues up 61% in Q1

Hong Kong, 8th May: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its results for the quarter ended 31st March 2019. The company reported total revenues of US$3.2 million in the quarter, representing growth of 61% compared with the first quarter of 2018. Sino Splendid posted a net profit of US$170,000 in the quarter, compared with a loss of US$1.1 million in 2018. Earnings per share in the period were HK$0.0035 (US$0.0004).

Sino Splendid attributed the revenue increase to the growth of its Travel Media Business. Its Travel Media Business’ revenues rose 78% year-on-year, reaching US$2.3 million and accounting for 71% of Sino Splendid’s total revenues. The remaining revenues were generated from its financial magazine business (US$674,000) and its money lending business (US$243,000).

According to the company, TTG performed well in the quarter, increases were recorded by the ATF event management project that the company did not organise in the previous year. Travel Trade Publishing also completed three special projects in the quarter: four issues of the ATF 2019 show dailies in Vietnam; three issues of ITB Berlin 2019 show dailies; and three issues of IT& CM China 2019 show dailies. TTG Events organised three separate events in the same period: ATF 2019, IT&CM China in Shanghai, and CTW China also in Shanghai.

Source: Sino Splendid announcement

CCID Consulting narrows loss in Q1

Beijing, 8th May: Hong Kong-listed Chinese media group, CCID Consulting, has recently released its results for the quarter ended 31st March 2019. Revenues in the period were US$4.6 million, representing a 28% increase year-on-year. The company recorded a net loss of US$230,000, less than the loss of US$373,000 in the same quarter last year.

CCID’s information engineering supervision services became its largest business segment, accounting for 53% of total revenues. The business segment generated revenues of US$2.4 million, which represents an increase of 115%. The company’s management maintains that the increase was mainly due to investments and growth of its information business services.

Management & strategy consultancy services, its second largest business segment, generated revenues of US$1.8 million – accounting for 40% of total revenues. That business segment fell by 20% compared with the previous year because of the company’s investment and focus on other segments. The remaining revenues were generated from its market consultancy services – and amounted to US$323,000.

Source: Hong Kong Stock Exchange announcement

Zhejiang Netsun’s profit up 82% in 2018

Hangzhou, 27th April: This week, Shenzhen-listed Zhejiang Netsun released its year-end financial results for 2018. Revenues in the year were US$61 million, up 16% over the 2017 figure. Meanwhile, its net profit grew 82% year-on-year, reaching US$5.1 million. Diluted earnings per share in the year were RMB 0.14 (US$0.0204).

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