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C&T announces 2019 Full-Year Results
Hong Kong, March 12, 2020 - 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, 2019.
The Group’s overall revenue reduced slightly by HK$5.5 million, or 2.0% to HK$275.9 million (2018: HK$281.4 million). In line with the revenue drop, the Group’s gross profit also saw a mild decrease by HK$4.7 million, or 2.9% to HK$155.3 million (2018: HK$159.9 million) while the gross profit margin maintained at 56.3% (2018: 56.8%).
The total non-operating incomes decreased by HK$2.3 million, or 15.8% to HK$12.2 million (2018: HK$14.4 million), primarily attributed to the decrease in bank interest income and fair value gains from investment properties.
Primarily due to the increase in staff costs attributed to the strengthening of the Group’s overall management, business development and research & development team, the Group’s overall expenses increased by 8.1% to HK$107.2 million (2018: HK$99.2 million) as compared with the same period last year.
With the abovementioned, the Group’s consolidated net profit attributable to shareholders reduced moderately by 17.8% to HK$55.9 million (2018: HK$68.0 million). The basic earnings per share also dropped to 22.63 HK cents (2018: 27.85 HK cents).
In view of the continuous positive cash inflow from operations and sustained healthy financial position, the Board declared the distribution of a final dividend of 8 HK cents (2018: 12 HK cents) per ordinary share for the year ended December 31, 2019. Counting the interim dividend of 9 HK cents (2018: 9 HK cents) paid together with this proposed dividend, the Group’s full-year dividend payout reached 17 HK cents (2018: 21 HK cents).
“Taking account of the uncertainties in the economy, the Group will stay alert and prepare well for the rapid changes in the surrounding environments. Leveraging the strong order backlog and recurring revenue streams from its core businesses and the robust financial fundamentals, the Group believes that we can overcome the obstacles and will remain vigilant for new opportunities to improve our business, keep steadfast in our commitment in R&D and focus on new prospects that can equip the Group to cater for the needs of our customers,” stated Mr. Ng Cheung Shing, Chairman of the Group.
For details of the Group’s 2019 Full-Year Results, please refer to the official announcement.
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