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.