News this week: Earlier this week, Hong Kong-listed HC International released
its results for the first half of 2014. Revenues for the six months ended 30th
June were US$75 million, up 30% over the first half of last year. HC posted a
profit attributable to equity holders of US$17 million in the period, jumped
96% from 2013. Dilute earnings per share in the period were RMB 0.1474 (US$0.024).
About 88% of HC’s
revenues were generated from its online services, amounting to US$66 million.
That represents 31% growth compared with the first half of 2013. The remaining revenues were from HC’s seminars
& other services (US$6.4 million), and trade catalogues & yellow page
directories business (US$2.6 million). Revenues from seminars & other services increased 49%,
while the trade catalogues & yellow page directories business was down 14%.
HC also announced
its results for the quarter ended 30th June. Revenues in the quarter
were US$39 million, a year-on-year increase of 23%. The company recorded a
profit attributable to equity holders of the company of US$9.7 million in the
quarter - up 88% compared with 2013.
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