News this week: Hong Kong-listed HC International
reported its first quarter results for 2013.
For the three months ended 31st March, revenues were US$26 million – an increase of 43% compared with the same quarter in
2012. The company recorded
profit attributable to equity holders of US$3.3 million, a near four-fold increase over last year’s US$843,000. Diluted earnings per share in the
quarter were RMB 0.0337 (US$0.0054).
The largest business segment in the quarter for the
Beijing-based company was online services, which generated revenues of US$22 million (84% of total revenues). This represents a year-on-year growth of 61%. The second largest business
segment was seminars and other services, up 4.8% to US$2.5
million, accounting for 9.7% of total
revenues. The company’s remaining revenues were generated from its trade
catalogues and yellow page directories segment. These amounted to US$1.6 million, a drop of 26% from the same quarter last year.
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