Hong Kong, August 21, 2024 - Leading Hong Kong listed information technology (IT) software and service company, Computer And Technologies Holdings Limited (C&T or the Group, SEHK 00046) announced the unaudited interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2024.

During the reporting period, the Group maintained total revenue of HK$127.6 million (2023: HK$128.1 million) while the market sentiment remained subdued.  Benefiting from migrating some of the development resources to the Mainland China with a more effective cost structure, gross profit improved by HK$1.3 million, or 2.0%, to HK$69.0 million (2023: HK$67.6 million), and the gross profit margin improved to 54.1% (2023: 52.8%).

On the other hand, the Group's other income and gains decreased by HK$0.4 million to HK$7.6 million (2023: HK$8.1 million), primarily due to a reduction in refunds of value-added tax (“VAT”).  Additionally, the Group's investment property and financial assets recorded a valuation loss of HK$1.3 million, compared with a HK$0.5 million loss in the same period last year, reflecting the prevailing market conditions.

The Group's consolidated net profit attributable to shareholders was maintained at HK$18.2 million (2023: HK$18.2 million).  Resulting from shares repurchased over the period, the basic earnings per share increased to 7.46 HK cents (2023: 7.38 HK cents).

Considering the Group's positive cash flow from operations and sustained healthy financial position, the Board has declared an interim dividend of 5.5 HK cents per ordinary share for the six months ended 30 June 2024, same as the 5.5 HK cents paid in the previous period.

Mr. Ng Cheung Shing, Chairman of the Group said, “The management believes the business momentum will gradually accelerate with its strengthened go-to-market initiatives.  Furthermore, with an enhanced software product portfolio featuring a cloud-native architecture, the Group is confident in bolstering its SaaS offerings and driving growth in recurring revenue.  The Group's Solutions business aims to increase its participation in innovation, technology development, and smart city initiatives of the HKSAR government, leveraging its technical expertise, project experience, and the flexible scaling of resources enabled by the Group's technical resource center in the Greater Bay Area.  Additionally, by strengthening its business development and consolidating resources in managed infrastructure, cloud, and security services, the business also aims to penetrate more key enterprises, positioning itself as a trusted information technology partner in domains such as digital transformation, automation, cybersecurity, cyber-monitoring, and artificial intelligence.  The Group would also dedicate additional management attention to look into mergers and acquisitions opportunities that can complement or expand our existing operations, as well as further our market expansion beyond HKSAR and Mainland China (such as in ASEAN countries).”

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For details of the Group's 2024 Interim 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: www.ctil.com.

Inquiries
Ms. Astrid Cheng
Tel: (852) 2217 1511
Fax: (852) 2503 8100
Email: astrid_cheng@ctil.com