News this week: Earlier this week, Hong
Kong-listed HC
International released its financial results for the year ended 31st
December 2014. Revenues in the year were US$156 million, up 15% compared with 2013.
Net income for the year was US$30 million – representing year-on-year growth of
22%. Dilute earnings per share in 2014 were RMB 0.2729 (US$0.044).
HC’s largest business segment, online
services, generated 84% of total revenues which amounted to US$131 million.
This represents 17% year-on-year growth. The remaining revenues were generated
from HC’s seminars & other services (US$16 million), trade catalogues &
yellow page directories (US$5.7 million) and anti-counterfeiting products &
services (US$2.6 million).
Separately, HC International announced the
resignation of Mr. Yang Ning, executive director and president of the company.
Effective 30th March 2015, Mr. Yang resigned from his position for personal
reasons.
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