Friday, November 15, 2013

HC International revenue jump 56%

News this week: Earlier this week, Hong Kong-listed HC International reported its results for the nine months ended 30th September 2013. Revenues in the period were US$98 million, a year-on-year growth of 56%. Profit attributable to equity holders in the nine-month period was US$16 million, a jump of 158% over the first nine months of 2012. The management attributed the growth in profit to the improvement of revenue and better control of the company’s costs and expenses. Diluted earnings per share in the first nine months were RMB 0.1614 (US$0.026).

HC International also released its results for the quarter ended 30th September. Revenues in the quarter were US$40 million, up 73% over the same quarter of 2012. The company posted a significant increase of 161% in profit attributable to equity holders during the quarter, which amounted to US$7.6 million.

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