Friday, March 22, 2013

HC International’s profit jumps 58%


News this week: Earlier this week, Hong Kong-listed HC International released its results for the year ended 31st December 2012. Revenues in the year were US$88 million, up 25% from the 2011 figure. Net income for the year was US$11 million – a jump of 58% over the previous year. Dilute earnings per share in 2012 were RMB 0.1133 (US$0.018).

Online services continue to be the largest business segment of the Beijing-based company, generating 75% of total revenues – or approximately US$66 million. This represents a 42% year-on-year growth. Seminars & other services segment surpassed the trade catalogues & yellow page directories to become HC’s second largest business segment with revenues of US$13 million, or 15% of total, and recorded an increase of 24%. The remaining revenues were generated from the trade catalogues & yellow page directories. Revenues from that segment were down 33% in 2012 compared with the year before.

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.

No comments: