C&T Announces 2014 Interim Results    

August 14, 2014

Hong Kong, August 14, 2014 - Leading locally listed information technology ("IT") 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, 2014.

The Group's consolidated net profit attributable to shareholders for the reporting period increased by 3.1% to HK$22.6 million (2013: HK$21.9 million). The basic earnings per share was 9.37 HK cents (2013: 9.10 HK cents) or an increase of 3.0% compared with the same period last year.

The Group's overall revenue increased by HK$13.7 million, or 15.1% to HK$103.9 million despite of the continuing decrease in hardware sales as a result of the Group’s business transformation strategy. It is encouraging that the improvement in turnover was found across our software and solution services business with recurring nature. Correspondingly, the Group’s gross profit rose by HK$5.1 million, or 10.0% to HK$56.1 million.

During the reporting period, the Group recorded a foreign exchange loss of HK$5.4 million (2013: foreign exchange gain of HK$3.4 million) and a revaluation gain in investment properties of HK$7.1 million (2013: HK$2.6 million). Despite of the sharp decrease in non-operating incomes and gains, the Group still managed to deliver an improved overall result.

The Group has been maintaining robust liquidity position with strong cash on hand. In view of the sustained healthy financial position and the improving business trend, the Board recommended the distribution of an interim dividend of 7 HK cents (2013: interim dividend of 6 HK cents) which was an increase of 16.7%.

Mr. Ng Cheung Shing, Chairman of the Group commented on the outlook that "The Group will invest continuously in our successful product suite to sustain its market leadership. The Group will also accelerate the investment in expanding our software application development teams in Mainland China in order to strengthen our competitiveness in the region and expand our market share in a longer term. Apart from the organic growth, the Group will continue to capture any acquisition opportunities arising in the region to accelerate the business development."

Lastly, on behalf of the Group and the Board, Mr. Ng extended sincere thanks and appreciations to shareholders, customers, suppliers, business partners and all the employees for their continuous supports and trusts to the Group during the period.

More information is available at the 2014 interim results announcement published by the Group on August 14, 2014.

About C&T Holdings

Computer And Technologies Holdings Limited ("C&T" or the "Group", Stock Code: 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.

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