Saturday, April 04, 2015

HC International’s profits up 22% in 2014

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.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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