News this week: Earlier this
week, Hong Kong-listed HC
International reported its results for the nine months ended 30th
September 2013. Revenues in the
period were US$98 million, a year-on-year
growth of 56%. Profit attributable to equity holders in the nine-month period
was US$16 million, a jump of 158% over the first nine months of 2012. 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 first nine months
were RMB 0.1614 (US$0.026).
HC International also released its results for the quarter
ended 30th September. Revenues in the quarter were US$40 million, up 73% over the same quarter of 2012. The company posted a significant increase of
161% in profit attributable to equity holders during the quarter, which
amounted to US$7.6 million.
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