Hong Kong-listed HC International announced its 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.
Source: Business Strategies Group Hong Kong – www.bsgasia.com