8178) Experiences Positive Growth in Turnover and Decrease in Losses for 1st Quarter 2023 Final results

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HONG KONG, Might 31, 2023 /PRNewswire/ — China Data Know-how Enhancement Confined (CITD) (HKEX: 8178), a foremost technological know-how organization specializing in AI and cloud technologies, declared its economical effects for the three months finished 31 March 2023 (the “Interval”). The firm skilled a important boost in turnover and a decrease in losses compared to the corresponding period in the preceding 12 months. Important highlights for the 1st quarterly results involve:

1. Turnover: CITD attained a extraordinary turnover of close to HK$32,977,000 for the Time period, representing a considerable raise of 57.9% when compared to the similar interval last year (2022: close to HK$20,887,000). The raise is primarily because of to the increase of income in IT options and routine maintenance enterprise.

2. Losses: The loss attributable to proprietors of the Business for the 3 months finished 31 March 2023 amounted to about HK$3,027,000, demonstrating a important advancement in comparison to the corresponding time period in 2022 (2022: reduction of close to HK$3,880,000). The minimize in losses can be attributed to quite a few variables, which includes a reduction in study and advancement expenditures for the clever retail cloud system and network security of IoT cloud platform, amounting to roughly HK$2,180,000. Furthermore, an improve in authorized and skilled service fees for publication of circulars and announcements related to corporate steps all through the Interval contributed to the losses.

3. Earnings per Share: The loss for each share attributable to house owners of the Organization for the 3 months finished 31 March 2023 was about HK$5.88, demonstrating a noteworthy enhancement as opposed to the restated loss of around HK$11.31 for the identical interval in 2022.

Commenting on the outcomes, Daniel Wong, Chairman and Main Executive Officer of CITD, explained, “We are delighted to report beneficial advancement in turnover and a significant reduction in losses for the to start with quarter of 2023. The raise in turnover reflects our potent market place and the have faith in our consumers place in our ground breaking remedies. Inspite of the worries confronted for the duration of the Interval, we have managed to lessen losses and maintain a aim on innovation and growth. We continue to be committed to driving more progress and offering worth to our stakeholders.”

For additional info about CITD, make sure you check out www.CITD.com.hk.

– Finish –

For media inquiries, make sure you get in touch with:

China Info Know-how Growth Constrained
Email: [email protected]

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Source China Facts Technologies Advancement Minimal

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