News this week: Earlier this week, Hong Kong-listed
HC International
reported its results for the first half of 2012. Revenues for the six months ended
30th June were US$38 million, up 26% over the first half of 2011. HC
posted a net profit of US$3.1 million in the period, a significant increase
over a profit of US$440,000 last year. Dilute earnings per share in the period
were RMB 0.0348 (US$0.0055).
HC’s online services amounted
to US$29 million or 77% of total revenues, an increase of 56% over the first
half of 2011. The remaining revenues were attributed to seminars & other
services (US$4.7 million), and the trade catalogues & yellow pages directories
business (US$4.2 million). However, it is worth noting that these segments
dropped 16% and 30% year-on-year, respectively.
HC also reported its
results for the quarter ended 30th June. Revenues in the quarter
were US$21 million – an increase of 20% compared with the same period last
year. The company recorded a net profit of US$2.3 million in the quarter – compared
with a profit of US$754,000 in 2011.
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