HONG KONG: C Cheng Holdings Limited one of the leading comprehensive architectural service providers in Hong Kong and the PRC, announced its annual results for the year ended 31 December 2014.
During the year, the Group recorded a strong growth with revenue surged 18.6% to approximately HK$384.4 million (2013: HK324.0 million); and profit soared 153.2% to approximately HK$28.3 million (2013: HK$11.2 million). These were mainly attributable by the increase of revenue generated by the provision of service of architecture as well as the increase of revenue generated from the provision of service of landscape architecture, town planning, interior design and heritage conservation. Gross profit for the year amounted to HK$114.6 million, representing an increase of 23.9% (2013: HK$92.4 million) and gross margin remained at a stable level at 29.8%.
The Group has secured 125 new contracts with contract sums of approximately HK$433.0 million in Hong Kong and the PRC. As at 31 December 2014, the Group had remaining contract sums of approximately HK$1,064.0 million. Architecture, contributing 90.3% of the revenue, continued to be the mainstream of practice of the Group. During the year, a new office in Manila was established to further strengthen the Group’s premium design services to other branch offices and cater to the regional opportunities in the Philippines.
In the past year, the Group through its various efforts was presented with six awards for its commercial, residential design excellence and community volunteer services. This reflect the Group’s continuous efforts in making improvements in regards to both the hardware and software internally, and the Group believes this comprehensive approach will enable the Group to face challenges and constitute a sustainable direction in the future.