CCID Consulting’s revenues up 31%

Beijing, 8th November: Recently, CCID Consulting, an IT research and information service provider based in China and listed in Hong Kong, reported its revenues for the nine months ended 30th September 2018 were US$14 million. This represents a 31% year-on-year increase. Net profit in the first nine months of the year were US$2.8 million compared with a loss of US$992,000 recorded in the same period in the previous year. Earnings per share in the period were RMB 0.0255 (US$0.0037).

Just over half of CCID’s revenues were generated from its management & strategy consultancy services amounting to US$7.3 million. This is an increase of 1.3% over last year. Its second largest business segment, information engineering supervision services, generated revenues of US$5.9 million and accounted for 41% of total revenues. That represents a growth of 128% compared to last year’s figure. The remaining revenues (US$1.2 million) were generated from its market consultancy services.