Saturday, May 14, 2011

HC International reduces loss

News this week: Hong Kong-listed HC International reported its first quarter results earlier this week. For the three months ended 31st March 2011, revenues were US$15 million – an increase of 39% compared with the same period in 2010. The company reduced its loss to US$297,000 this quarter - compared with US$1.6 million last year.

Beijing-based HC International’s online services business segment generated revenues of US$8.0 million or 53% of total revenues. Its trade catalogues and yellow page directories segment posted revenues of US$2.9 million, which accounted for 20% of total revenues. HC’s market research and analysis business unit contributed revenues of US$2.4 million or 16% of total revenues.

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