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C&T announces 2018 Interim Results: Remarkable business performance and net profit
Hong Kong, August 21, 2018 - Leading Hong Kong listed information technology (IT) software and service company, Computer And Technologies Holdings Limited (C&T or the Group, SEHK 00046) announced today its unaudited interim results for the six-month ended June 30, 2018.
Attributing to the improved performance of both Application Software and Solutions Services businesses, the Group’s overall revenue rose by HK$12.6 million, or 10.7% to HK$130.8 million (2017: HK$118.2 million). The overall gross profit of the Group improved by HK$9.6 million, or 15.0% to HK$73.3 million, and more positively the gross profit margin increased by 2.1% to 56.0% (2017: 53.9%) compared with the same period last year.
The total non-operating incomes during the reporting period were almost the same as the previous period as a result of the increased bank interest income and revaluation gain from investment properties being offset by the decrease in the tax refund received from the PRC operation and insignificant valuation loss of the financial assets.
With the abovementioned, the Group’s consolidated net profit attributable to shareholders jumped by 32.4% to HK$30.2 million (2017: HK$22.8 million). The basic earnings per share soared to 12.47 HK cents (2017: 9.42 HK cents) or improved by 32.4% compared with same period last year.
In view of the improved business performance and in return to the continuous support from the shareholders, the Board announced the distribution of an interim dividend of 9 HK cents (2017: an interim dividend of 7 HK cents and a special dividend of 3 HK cents) per ordinary share for the six months ended June 30, 2018, to the shareholders.
“Besides the Application Software and Solutions Services witnessing remarkable growth, the Group’s development of the Cloud Services business has started to bear fruit. We will remain committed to the continuous development of different businesses and accelerate growth through acquisitions in the region,” stated Mr. Ng Cheung Shing, Chairman of the Group.
For details of the Group’s 2018 Interim Results, please refer to the announcement published on August 21, 2018.
About C&T Holdings
Computer And Technologies Holdings Limited (C&T, SEHK 00046) is a leading IT software and service provider in Asia involved in the design, delivery and operation of total IT solutions for the Government departments and corporate enterprises. Building on its successful track records, the Group provides comprehensive IT services from system and network integration, IT solutions implementation and software development, enterprise application software, on-line e-Government and e-Business platforms, as well as business process outsourcing services. For more information, please visit our website at www.ctil.com.
Ms. Emma Wong
Tel: (852) 2217 1511
Fax: (852) 2503 8400