Friday, November 16, 2012

HC International posts impressive profit growth

News this week: Earlier this week, Hong Kong-listed HC International has released its results for the nine months ended 30th September 2012. Revenues were US$61 million, an increase of 25% over the same period in 2011. Profit attributable to equity holders in the period was US$6.1 million, an impressive growth of 144% compared with the first nine months last year. The management attributed the growth in profit to the improvement of revenue and better control of the company’s costs and expenses. Diluted earnings per share in the nine-month period were RMB 0.0646 (US$0.0103).

The company’s largest business segment, online services, generated more than 74% of revenues (US$45 million) – up 45% over the first nine months in 2011. The seminars & other services segment generated about 16% of revenues (US$9.7 million) and increased 6.3% year-on-year. The remaining revenues were generated from the trade catalogues & yellow page directories business segment which recorded a year-on-year decrease of 31%.

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