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C&T announces 2022 Full-Year Results

Hong Kong, March 20, 2023 - 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 full-year results for the year ended December 31, 2022.

The geopolitical conflicts and the COVID-19 pandemic (the Pandemic) weighed heavily on the economy of Mainland China and Hong Kong during the reporting year. Apart from the Pandemic, the shortage of IT workforce supply in Hong Kong also slowed down the related business development of the local market.

Despite the challenges, the Group managed to maintain an increase in overall turnover by HK$3.2 million, or 1.2% to HK$268.7 million (2021: HK$265.5 million). However, the increase in direct operating costs has outweighed the revenue growth and resulted in decrease of gross profit by HK$7.4 million, or 4.9% to HK$145.0 million (2021: HK$152.4 million). The gross profit margin also fell to 54.0% (2021: 57.4%).

Contributed by the 2022 Employment Support Scheme subsidies and the improved bank interest income, the Group’s other income and gains increased by HK$8.3 million, or 154.2% to HK$13.6 million (2021: HK$5.4 million). Nevertheless, the Group’s financial assets and investment properties incurred losses of HK$2.4 million (2021: gains of HK$0.7 million) due to bearish market valuation caused by prolonged Pandemic.

In line with the increase in amortization of deferred development costs and depreciation of right-of-use assets, the overall expenses went up by HK$5.2 million, or 5.2% to HK$105.7 million (2021: HK$100.4 million).

With the abovementioned, the Group’s consolidated net profit attributable to shareholders reduced by 12.7% to HK$47.0 million (2021: HK$53.8 million). The basic earnings per share also dropped to 19.02 HK cents (2021: 21.76 HK cents).

The Group has continuously been generating positive cash inflows from operations and maintaining a robust financial position. The Board declared the distribution of a final dividend of 7.5 HK cents (2021: 11 HK cents) per ordinary share for the year ended December 31, 2022. To celebrate the Group’s 25th anniversary of listing, the Board also declared the distribution of a special dividend of 5 HK cents (2021: nil). Counting the previously paid interim dividend of 6.5 HK cents (2021: 6 HK cents) together with the proposed final dividend and special dividend, the Group’s full-year dividend aggregated 19 HK cents (2021: 17 HK cents).

Mr. Ng Cheung Shing, Chairman of the Group said, “The management believes that the market will gradually step out of the Pandemic and return to normality. Leveraging its enhanced customer base and revenue streams with strong recurring nature, the Group remains prudently optimistic about the outlook of the businesses. To address the shortage of the IT workforce in Hong Kong, the Group accelerated its expansion of the Shenzhen development center and achieved initial success in building up its scale. The management believes that the team in Shenzhen will gradually fill up the shortage of development resources in Hong Kong and speed up its business expansion to the Greater Bay Area in the future. With a proven track record and strong foothold in the industry, the Group will endeavor to maintain a sustainable development in its business so as to maximize the return for the shareholders.”


For details of the Group’s 2022 Full-Year Results, please refer to the official announcement.


About C&T Holdings
Computer And Technologies Holdings Limited (C&T, SEHK 00046) operates its business with a vision to build a better world with Information Technology. Established in 1991 and listed on the main board of Hong Kong Stock Exchange since 1998, C&T is committed to providing best-of-breed enterprise software products and cloud services from human resources management to cyber intelligence, information management, procurement management, property management and retail management to enable organizations to run their businesses and operations better. Apart from software products, the Group has a long-standing track record in delivering effective IT solutions and quality services, including IT solution design and implementation, software development, online e-services and business processing outsourcing services, to enhance the competitive advantages of our clients. For more than 30 years, the Group’s products and services have been widely adopted across industries and sectors and trusted by enterprise customers ranging from prominent brands to local conglomerates and multinational corporations, as well as government organizations and non-profit organizations. For more information, please visit C&T website:


Mr. Jack Siu
Tel: (852) 2503 8179
Fax: (852) 2503 8100