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CLICK announced to expand service to the Community Care Service Voucher scheme for elderly (CCSV scheme) in Hong Kong
GlobeNewswire News Room· 2024-12-03 11:35
Core Viewpoint - Click Holdings Limited has entered into a collaboration with Care U Professional Nursing Service Limited to provide integrated home-based services for the elderly under the CCSV scheme in Hong Kong, marking a significant step in enhancing elderly care services in the region [1][2][5]. Group 1: Collaboration Details - Click Holdings and Care U will jointly provide integrated home-based services for the elderly under the CCSV scheme, making Click Holdings the first non-NGO private company to become a licensed recognized service provider under this scheme [1][2]. - The CCSV scheme operates on a "money-following-the-user" and "affordable users pay" subsidy model, allowing elderly individuals to select voucher values within specified limits, with government co-payment for services [3]. Group 2: Financial Aspects - For the 2024-25 period, the monthly ceiling and floor voucher values under the CCSV scheme are set at HK$10,455 (approximately US$1,340) and HK$4,372 (approximately US$561) per case, respectively [3]. - The scheme will provide a total of 10,000 vouchers for the 2023/24 fiscal year and 12,000 vouchers for the 2025/26 fiscal year, with an expected annual expenditure exceeding HK$900 million (around US$115 million) [3]. Group 3: Company Background and Strategy - Care U is a leading nursing service provider in Hong Kong, having accumulated over 3.4 million service hours and served more than 400 nursing/elderly homes and 1,000 private customers [4]. - Click Holdings views this collaboration as a strategic opportunity to strengthen its elderly care business and enhance the quality of its services, aiming to increase public awareness and drive growth in Hong Kong [5][6].
Click Holdings Limited Reports Strong Growth in the First Half of 2024 Financial Results
GlobeNewswire News Room· 2024-11-22 22:10
Core Viewpoint - Click Holdings Limited reported a strong financial performance for the first half of 2024, with significant increases in both revenue and net income, indicating a solid market position in the human resources solutions sector [2][3]. Financial Performance - Total revenue for the first half of 2024 reached approximately $3.2 million, reflecting an increase of about 14.3% compared to the same period in 2023 [2]. - Net income for the same period was approximately $0.5 million, marking a notable increase of around 25.0% from approximately $0.4 million in the first half of 2023 [3]. Sector Contributions - Professional solution services contributed approximately 31.7% of total revenue, amounting to around $1.0 million, providing services such as executive secondment and corporate finance expertise [4]. - Nursing solution services generated approximately $0.7 million in revenue, representing about 21.3% of total revenue, by matching candidates with vacancies in social service organizations and nursing homes [5]. - Logistics and other solution services accounted for approximately 47.0% of total revenue, bringing in about $1.5 million, with a significant revenue growth of approximately 72.6% due to increased demand from a major customer [6]. Market Outlook - The company aims to enhance service quality and fulfillment capabilities to adapt to the evolving needs of customers, while actively seeking new business opportunities to expand market presence [7]. - Management maintains a positive outlook on the long-term potential of the company despite the challenging market environment in Hong Kong [7]. Company Overview - Click Holdings Limited specializes in providing comprehensive human resources solutions across three main sectors: professional solution services, nursing solution services, and logistics and other solution services [8]. - The company primarily focuses on talent sourcing and supplying both temporary and permanent personnel, serving a diverse clientele in Hong Kong [8].