Hong Kong, March 18, 2010 - Leading locally listed information technology ("IT") services company, Computer And Technologies Holdings Limited (C&T Holdings or the "Group", Stock Code: SEHK 00046), announced today its audited results for the year ended December 31, 2009.

The Group’s consolidated revenue from continuing operations for the reporting period, on a year-on-year basis, grew 6.3% to HK$400.0 million. The overall gross profit increased to HK$119.6 million representing a 4.5% improvement. Resulting from the improved overall gross profit and the gain in fair value of financial assets and investment properties, the consolidated net profit after tax attributable to the shareholders increased by 32.7% to HK$43.9 million and the basic earnings per share for the year increased by 37.3% to 17.73 HK cents (2008: 13.53 HK cents).

Mr. Ng Cheung Shing, Chairman and CEO of C&T Holdings, commented on the results that “In retrospect of the Group’s business development in the past 5 years, we are pleased to report the achievement of vigorous growth of the Group during the period, in particular, a 116% growth in revenue and 507% growth in earning per share. The corresponding compound annual growth rate for revenue and earnings per share was 21% and 57% respectively.”

The Group generated HK$87.5 million cash flow from operations and maintained strong financial position with more than HK$288 million net cash on hand. To repatriate enhanced value to our shareholders, the Board recommended to distribute a final dividend of 4 HK cents per share and a special dividend of 2 HK cents per share. Together with the interim dividend of 4 HK cents distributed for the first half of the year, the total dividend for the entire year reaches 10 HK cents (2008: 8 HK cents) representing an increase of 25% from last year, which is another dividend increase for the 5th consecutive year.

Lastly, Mr. Ng stated that "On behalf of the Board and the Management, I would like to express our deep appreciations to all employees, shareholders, customers and business partners for their supports to the Group during the reporting period.”

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More information is available at the 2009 results announcement published by the Group on March 18, 2010.

 

About C&T Holdings
Computer And Technologies Holdings Limited ("C&T" or the "Group", Stock Code: SEHK 00046) is one of the leading IT services providers in Asia involved in the design, delivery and operation of total IT solutions that meet customers' business requirements. Building on its successful track records, the Group has expanded into an all round IT services provider with a synergetic portfolio of subsidiaries offering systems and network integration, IT solutions implementation and application development services, 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.

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