Friday, May 16, 2014

HC International doubles profit in Q1

New this week: Hong Kong-listed HC International reported its results for the quarter ended 31st March 2014. Revenues in the quarter were US$36 million – an increase of 39% over the same quarter last year. The company recorded profit attributable to equity holders of US$6.8 million, an impressive growth of 109% from 2013. Diluted earnings per share in the period were RMB 0.0615 (US$0.0099).

More than 85% of the Beijing-based company’s revenues were generated from online services amounting to US$31 million. This represents a year-on-year growth of 41%. The second largest business segment was seminars and other services, which increased by 62% to US$4.1 million and accounting for 11% of total revenues. The remaining revenues were generated from its trade catalogues and yellow page directories segment. Revenues of this segment were US$1.2 million, a drop of 24% from the same quarter last year.

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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