C&T Announces 2012 Full-Year Results

March 18, 2013

Hong Kong, March 18, 2013 - 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 audited results for the year ended December 31, 2012.

As indicated in the earlier announcement, the Group reported a decrease in consolidated net profit attributable to shareholders by 7.8% to HK$47.0 million (2011 as restated: HK$51.0 million). The basic earnings per share, after taken into account of the share repurchase, is 19.50 HK cents (2011: 20.88 HK cents) or a decrease of 6.6% compared with last year. The overall revenue decreased by 47.2% to HK$206.7 million (2011: HK$391.2 million) when compared with last year.

Despite the less than satisfactory operating results, the Group continued to generate positive cash inflow from its operating activities and maintained robust liquidity position with approximately HK$335 million net cash on hand (including pledged bank deposits) as at the end of 2012. In view of the sustained healthy financial position, the Board recommended the distribution of a final dividend of 6 HK cents (2011: 7 HK cents). As to celebrate the Group approaching the 15th public listing anniversary, the Board also recommended the distribution of a special dividend of 3 HK cents (2011: Nil). Including the interim dividend of 6 HK cents (2011: 6 HK cents), the total dividends per share for 2012 amounted to 15 HK cents (2011: 13 HK cents), which represents an increase of 15.4%.

Looking forward, Mr. Ng Cheung Shing, Chairman of C&T Holdings commented that "The global economy would likely be in a slower-than-expected recovery and China’s economic growth may continue to slow down. The Group will continue to focus its attention on the risk management to withstand the ever-changing economic environment. Leveraging the strong recurring revenue streams generated from its Solutions business and Applications Services business and the robust financial stand, the Management is actively pursuing new business initiatives to enlarge its software and services offering in order to maximize the shareholders' value."

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 2012 results announcement published by the Group on March 18, 2013.

For enquiries, please contact:
Miss Emma Wong
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