HC International Profit Jump Significantly in First Half of 2012

Posted by Joachim Bartels | Sep 2, 2012 | China, E-Commerce, HC International, Hong Kong, Online Media - Buyer - Seller Platforms | 0 |

Hong Kong-listed HC International reported its results for the first half of 2012. Revenues for the six months ended 30^th June were US$38 million, up 26% over the first half of 2011. HC posted a net profit of US$3.1 million in the period, a significant increase over a profit of US$440,000 last year. Dilute earnings per share in the period were RMB 0.0348 (US$0.0055).

HC’s online services amounted to US$29 million or 77% of total revenues, an increase of 56% over the first half of 2011. The remaining revenues were attributed to seminars & other services (US$4.7 million), and the trade catalogues & yellow pages directories business (US$4.2 million). However, it is worth noting that these segments dropped 16% and 30% year-on-year, respectively.

Source: Business Strategies Group Hong Kong www.bsgasia.com

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