News this week: Earlier this week, Hong Kong-listed HC International
reported its results for the first half of 2013. Revenues for the six months
ended 30th June were US$57 million, up 47% over the first half of 2012.
HC posted a profit attributable to equity holders of US$8.3 million in the
period, a significant growth of 155% over last year. Dilute earnings per share
in the period were RMB 0.0865 (US$0.0137).
More than 87% of HC’s revenues were generated from its online
services, amounting to US$49 million and a jump of 67% over the first half of 2012.
The remaining revenues were attributed to seminars & other services (US$4.2
million), and trade catalogues & yellow page directories business (US$3.0 million).
However, it is worth noting that these segments continued its decline dropping 11%
and 30% year-on-year, respectively.
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