Chinasoft International Achieved 15% YoY Revenue Growth in 2019H1: Core Business Grew Despite Market Challenges, and the Smart Cloud Transformation Set Sail
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: PR Newswire
BEIJING and HONG KONG, Aug. 19, 2019 /PRNewswire/ -- Chinasoft International Co., Ltd. (HKEX: 0354) released its 2019 interim results today.For the first half of 2019, the Group's business grew steadily. The Group achieved of revenue of RMB 5.538 billion (15% YoY growth) and net profit attributable to owners of the Company of RMB 363 million (1.1% YoY growth). The operating quality improved steadily, and the net operating profit improved by RMB 286 million.During the first half of 2019, in the face of the slowdown in domestic economic growth and the back and forth trade war between China and the United States, the Group united its efforts, accepted the overcame the challenges, and realized a steady growth in its operating results. The Group's traditional business grew despite market conditions and the cloud intelligent transformation officially set sail. The Group's comprehensive capabilities continued to improve, and for the first time, it was selected as one of the top 100 global IT
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