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HONG KONG, May 11, 2015 - (ACN Newswire) - C Cheng Holdings Limited ("C Cheng Holdings" or the "Group;" stock code: 8320), one of the leading comprehensive architectural service providers in Hong Kong and the PRC, today has announced its 2015 first quarterly results for the three months ended 31 March 2015.
During the review period, the Group's revenue increased by 15.5% to approximately HK$94.6 million (2014: HK$81.9 million), mainly attributable by the higher revenue generated by the provision of services in architecture, landscape architecture, town planning, interior design and heritage conservation. Profit for the period amounted to HK$7.3 million (2014: HK$8.0 million) and gross profit margin was 29.2% (2014: 30.5%).
The Group has secured 30 contracts with contract sums of approximately HK$58 million in Hong Kong, the PRC and other markets under the review period; and as at 31 March 2015, the Group had remaining contract sums of approximately HK$1,033 million. Architecture has continued as the mainstream practice of the Group, contributing 90.6% of the revenue.
Mr Ronald Liang, Chairman of C Cheng, said, "I am very pleased that the Group has maintained its market position as one of the leading architectural services providers in Hong Kong and the PRC. Our proven track record and investment in the latest technology have strongly positioned us to take advantage of the business opportunities ahead and serve as strong pillars for the Group's plan to transfer its listing from GEM to the Main Board of the Hong Kong Stock Exchange."
Mr Ivan Fu, Chief Executive Officer of C Cheng, concluded, "In view of the tremendous opportunities in the Asia Pacific region, the Group will take full advantage of its multi-centre operations to ride on increasing urbanisation. It will also further diversity its business portfolios by introducing 3-D and thematic design services to the market. To minimise the impact of the consolidation of China's property market, we are embarking on strategic initiatives to explore new business opportunities. We believe our ongoing efforts in leveraging our expertise in architectural design, project management and financial strength, as well as our one-stop design services enable us to maintain our one of the leading position in the market."
Contact:
Strategic Financial Relations Limited
Vicky LEE +852 2864 4834 vicky.lee@sprg.com.hk
Angela NG +852 2864 4855 angela.ng@sprg.com.hk
Rita FONG +852 2114 4939 rita.fong@sprg.com.hk
Topic: Press release summary
Source: C Cheng Holdings Limited
Sectors: Daily Finance
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From the Asia Corporate News Network
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