C&T Announces 2014 Full-Year Results

March 20, 2015

Hong Kong, March 19, 2015 - Leading locally listed information technology ("IT") software and 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, 2014.

During the reporting period, the Group’s consolidated net profit attributable to shareholders increased by 1.3% to HK$48.8 million (2013: HK$48.1 million). The basic earnings per share was 20.26 HK cents (2013: 20.03 HK cents) or an increase of 1.1% compared with last year.

The Group's overall revenue grew by HK$23.7 million or 12.6% to HK$210.8 million (2013: HK$187.1 million). Correspondingly, the Group's gross profit rose by HK$8.6 million or 8.5% to HK$109.7 million (2013: HK$101.1 million). It is delightful that the Group’s efforts spent in the business transformation to proprietary software and solution services oriented business had been solidified as the growths were found across the software and solution services business with strong recurring nature.

During the reporting period, the Group recorded a foreign exchange loss of HK$4.5 million (2013: foreign exchange gain of HK$7.6 million) and a revaluation gain in investment properties of HK$8.1 million (2013: HK$2.6 million). Despite the unfavorable overall impacts from non-operating incomes and gains, the Group still managed to deliver an improved overall result.

The Group continued to maintain strong liquidity position and generated net cash inflows of HK$29.6 million from its operating activities during the reporting period. In view of the robust financial position and enhancing business performance, the Board recommended the distribution of final dividend and special dividend of 7 HK cents and 2 HK cents respectively (2013: final dividend of 7 HK cents and special dividend of 2 HK cents). Combined with the interim dividend of 7 HK cents (2013: 6 HK cents), the full year dividend payout amounts to 16 HK cents, which represents 6.7% increase over the previous year (2013: 15 HK cents).

Looking forward, Mr. Ng Cheung Shing, Chairman of C&T Holdings commented that "The global economy is foreseen to be volatile and also the pace of economic growth in China is expected to slow down. Taking account of the uncertainties, the Group will continue to adhere to the strategies on the development of its proprietary software products in order to grow the related business revenue and improve its market position. On top of the organic growth, the Group will continue to closely look at new opportunities for potential acquisition of software related companies. While the Group is expanding its software product line, there is also a need for the Group to devote more resources in research and development ("R&D") in order to integrate the products and enhance their features. While the additional R&D costs may create short term impact to the profit, it will certainly create a bigger return for the Group in long term."

Lastly, on behalf of the Board and the Management, Mr. Ng expressed sincere thanks 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 2014 results announcement published by the Group on March 19, 2015.

About C&T Holdings

Computer And Technologies Holdings Limited ("C&T" or the "Group", Stock Code: SEHK 00046) is a leading Information Technology ("IT") software and services provider in the region involved in the design, development, delivery and operations of total IT solutions that meet customers’ business requirements. Building on its competence in applying advanced IT technologies and proven track records, C&T is providing all round IT solutions and services comprising systems and network integration services, application development and support services, enterprise application software, operation and business process outsourcing services as well

as online e-Government and e-Business services. For more information, please visit our website at www.ctil.com.

For enquiries, please contact:
Miss Winnie Lam
Tel : (852) 2217 1511
Fax : (852) 2503 8400
Email : [email protected]