News this week: Earlier this week, Hong Kong-listed HC International
released its results for the year ended 31st December 2012. Revenues
in the year were US$88 million, up 25% from the 2011 figure. Net income for the
year was US$11 million – a jump of 58% over the previous year. Dilute earnings
per share in 2012 were RMB 0.1133 (US$0.018).
Online services continue to be the largest business segment
of the Beijing-based company, generating 75% of total revenues – or
approximately US$66 million. This represents a 42% year-on-year growth. Seminars
& other services segment surpassed the trade catalogues & yellow page
directories to become HC’s second largest business segment with revenues of
US$13 million, or 15% of total, and recorded an increase of 24%. The remaining
revenues were generated from the trade catalogues & yellow page directories.
Revenues from that segment were down 33% in 2012 compared with the year before.
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