Friday, August 16, 2013

HC International’s profit jumps 155% in first half

News this week: Earlier this week, Hong Kong-listed HC International reported its results for the first half of 2013. Revenues for the six months ended 30th June were US$57 million, up 47% over the first half of 2012. HC posted a profit attributable to equity holders of US$8.3 million in the period, a significant growth of 155% over last year. Dilute earnings per share in the period were RMB 0.0865 (US$0.0137).

More than 87% of HC’s revenues were generated from its online services, amounting to US$49 million and a jump of 67% over the first half of 2012. The remaining revenues were attributed to seminars & other services (US$4.2 million), and trade catalogues & yellow page directories business (US$3.0 million). However, it is worth noting that these segments continued its decline dropping 11% and 30% year-on-year, respectively.

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