C&T Announces 2016 interim results    

August 17, 2016

Hong Kong, August 17, 2016 - 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 unaudited interim results for the 6-month period ended June 30, 2016.

The Group’s overall revenue grew by HK$13.9 million, or 13.0% to HK$120.6 million (2015: HK$106.8 million). Overall gross profit rose by HK$11.6 million, or 20.1% to HK$69.5 million (2015: HK$57.9 million) and the gross profit margin also improved to 57.6% (2015: 54.2%).

Nevertheless, the Group recorded some setback in other non-operating incomes during the reporting period. In particular, the interest income decreased by HK$2.6 million, or 51.4% to HK$2.4 million (2015: HK$5.0 million) and the valuation gain on investment properties dropped by HK$1.7 million, or 77.3% to HK$0.5 million (2015: HK$2.2 million). In addition, the Group accelerated its investment in research and development (“R&D”) of its software products and incurred additional costs of approximately HK$3.0 million during the reporting period.

As a net result of the abovementioned, the Group recorded a slight decrease of 2.8% in consolidated net profit attributable to shareholders to HK$22.6 million (2015: HK$23.3 million). The basic earnings per share was 9.36 HK cents (2015: 9.64 HK cents) or a decrease of 2.9% compared with same period last year.

Despite over HK$74 million cash outflow used in acquisitions during the reporting period, the Group’s liquidity position remained strong. In view of the sustained healthy financial position and the improving business trend, the Broad recommended the distribution of an interim dividend of 7 HK cents (2015: 7 HK cents).

Mr. Ng Cheung Shing, Chairman of the Group commented on the outlook of the second half of the year that "The uncertainties looming over the global and Chinese economies will continue to present challenges to the Group. Nonetheless, the Group’s solid customer base and long term service contracts on hand will continue to generate stable revenue for the Group. Coupling with the Group’s solid financial position and experience in managing software and IT services businesses, the Group will continue to look for acquisition opportunities in order to expand its software and services portfolio and business coverage.”

Lastly, on behalf of the Board and the Management, Mr. Ng expressed sincere thanks to all employees, shareholders, customers and business partners for their support to the Group during the reporting period.

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More information is available at the 2016 interim results announcement published by the Group on August 17, 2016.

About C&T Holdings

As a pioneer in the IT industry, Computer And Technologies (“C&T”) Group operates its business on a vision to build a better world with Information Technology. Since our establishment in 1991 and listing in the main board of Hong Kong Stock Exchange (Stock Code: SEHK00046) in 1998, C&T Group has committed to providing best-of-breed software products from human resources management to enterprise-level information management, procurement management and retail management to enable organizations to run their businesses and operations better. Apart from software products, the Group also has a long-standing track record in delivering effective IT solutions and quality services, including IT solutions design and implementation, software development, online e-Services as well as business processing outsourcing services, to enhance the competitive advantages of our clients. For more information, please visit our website at www.ctil.com

For enquiries, please contact:

Ms. Emma Wong

Tel : (852) 2217 1511

Fax : (852) 2503 8400

Email: [email protected]