Beijing, 30th April: Hong Kong-listed HC International announced its first quarter results last week. For the three months ended 31st March 2009, revenues were US$9.8 million – an increase of 5.6% compared with the same period in 2008. The company reported a net loss of US$500,000 in the quarter compared with a net profit of US$431,000 in the first quarter of 2008.  HC’s online business segment generated revenues of US$4.2 million or 43% of the total revenues – an increase of 26% compared with the first quarter of 2008. According to the company’s quarterly report, HC International plans to continue to focus on its core businesses: an online sourcing platform and its trade catalogue business. HC’s share price closed at HK$0.32 yesterday, up from its March low of HK$0.20.  Source: HC Int’l announcement

BIIA Newsletter May 2009 Issue