News this week: Earlier this week, Hong Kong-listed HC International
released its financial results for the year ended 31st December
2013. Revenues in the year were US$138 million, up 53% from 2012. Net income
for the year was US$25 million – a jump of 132% over the previous year. Dilute
earnings per share in 2013 were RMB 0.2489 (US$0.041).
HC’s largest business segment, online services, generated
83% of total revenues which amounted to US$115 million. This represents a 69%
year-on-year growth. The remaining revenues were generated from seminars &
other services (US$17 million) and trade catalogues & yellow page
directories (US$7.1 million). The seminars & other services increased 23%,
while the trade catalogues & yellow page directories dropped 22%.
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