CPT GLOBAL LIMITED — Interim / Quarterly Report 2003

May 6, 2003

	Financial Performance
Highlights:	Revenue Increased
	Profits Returned
	Strong Cash Position
Revenue		\$14.98 million up 12%
EBITA		\$1.21 million up 77%
Net Profit after Tax (pre amortisation)		\$0.84 million up 132%
Net Profit after Tax		\$0.67 million up 325%
EPS (pre amortisation)		2.4 cents (up from 1.1 cents)
Interim Dividend		2.0 cents per share (up from 1.5cps)

Technical Consulting (Australia)

High client retention was achieved despite clients undertaking major cost cutting programs. This reflects both the strategic importance of CPT Global's services and the high regard held for CPT Global's team of IT professionals.

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Priority was given to the further development and marketing of CPT Global's product which offers 'IT cost reduction'.

Management focused on lifting the minimum targeted margins.

New product initiatives in Australia included marketing of the Risk Reward IT cost reduction service.

IT Management Consulting (Australia)

Established Management of IT Services ('MIT') capability in FY2001 under the direction of Peter Wright. First significant contribution to results obtained in past half year reflecting the growing maturity and market acceptance of CPT Global's operations in this field.

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The importance of MIT has grown as major IT users have concentrated on improving the efficiency of their IT expenditure. The acquisition of Deakin Consulting was a strategic expansion of this service offering.

Successful MIT engagements have led to cross selling of CPT Global's traditional technical IT services. Client base now includes a number of Federal and State Government enterprises and financial services companies.

IT Services (United Kingdom & Europe)

Marketing program led by Gerry Tuddenham has succeeded in building a client base of a number of major 'global' IT users.

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Services delivered to Australian subsidiaries of international companies are now being delivered to their parent companies globally.

Ongoing testing, capacity planning and cost reduction work continued to be undertaken with core financial services clients

Completed cost reduction assignments for two new clients major insurance companies - in Germany.

Integration of Deakin Consulting

In February 2003 the earn-out period for the previous owner of Deakin Consulting, Martin Thomas, was completed.

CONTROVER

CPT Global subsequently commenced a program for the fast tracking of the integration of Deakin Consulting with CPT Global's Australian operations.

A new regional manager has been appointed to spearhead the expansion of the integrated CPT Global and Deakin Consulting Services into the Sydney and Brisbane markets.

Strategic Priorities

Maintain the priorities established at the start of the year:

Continued deployment of risk/reward and cost reduction services in Australia and Europe with a focus on increased profitability.

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• Regional growth through Canberra and Sydney offices.
• Expansion of client base in the government and private sectors.
• Expansion of the marketing of MIT services leveraging our Deakin acquisition.

Outlook

CPT Global, subject to continued economic stability, is confident of continued improved profitability.

This position may be further boosted by risk reward assignments currently being undertaken in Europe. Potential ongoing work with these new clients, many of which have larger IT systems than our current Australian clients, is likely to provide a positive impact on CPT Global's results in the coming financial year.

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