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C&T announces 2018 Full-Year Results
Hong Kong, March 6, 2019 - 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 audited full-year results for the year ended December 31, 2018.
As a result of improved business performance of both Application Software and Solutions Services businesses, the Group’s overall revenue rose by HK$27.5 million, or 10.8% to HK$281.4 million (2017: HK$253.9 million). The gross profit of the Group also soared by HK$16.4 million, or 11.5% to HK$159.9 million while the gross profit margin slightly increased to 56.8% (2017: 56.5%).
While there were increases in the bank interest income and revaluation gain from investment properties, the increment in non-operating incomes was offset by the reduced tax refund received from the PRC operation and valuation loss in financial assets.
With the abovementioned, the Group’s consolidated net profit attributable to shareholders increased by 25.2% to HK$68.0 million (2017: HK$54.3 million). The basic earnings per share also lifted by 24.2% to 27.85 HK cents (2017: 22.43 HK cents).
In view of improved business performance and positive cash inflow from operations, the Board recommended the distribution of a final dividend of 12 HK cents (2017: a final dividend of 7 HK cents and a special dividend of 5 HK cents) per ordinary share. Counting the interim dividend of 9 HK cents (2017: an interim dividend of 7 HK cents and a special dividend of 3 HK cents) being paid together with these proposed dividends, the Group’s full-year dividend payout reached 21 HK cents.
“Leveraging its strong customer base and growing Cloud Services income with strong recurring nature, the management is optimistic about the company’s performance in the near future. Looking ahead, the Group will remain committed to the development of the Application Software business as well as the Solutions Services business, and seize opportunity in acquisition of similar business with synergy in order to accelerate its growth,” stated Mr. Ng Cheung Shing, Chairman of the Group.
For details of the Group’s 2018 Full-Year Results, please refer to the full report.
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