Sunday, March 25, 2012

HC International records jump in profits

News this week: Hong Kong-listed HC International has released its results for the year ended 31st December 2011. Revenues were US$69 million, an increase of 38% compared with results in 2010. Net income for the year was US$6.5 million – a jump of five times over 2010’s US$1.3 million.

The Beijing-based company’s online services, its largest business segment, generated US$46 million or 59% of total revenues, which is a 76% year-on-year increase. The second largest business segment, trade catalogues and yellow page directories business generated revenues 17% of the total revenues or US$13 million. That figure dropped 19% compared to 2010. Revenues generated by seminars and other services were US$11 million or 13% of total revenues, a 28% increase over the previous year.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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