Hong Kong-listed HC International has released its results for the year ended 31st December 2011. Revenues were US$69 million, an increase of 38% compared with results in 2010. Net income for the year was US$6.5 million – a jump of five times over 2010’s US$1.3 million.
The Beijing-based company’s online services, its largest business segment, generated US$46 million or 59% of total revenues, which is a 76% year-on-year increase. The second largest business segment, trade catalogues and yellow page directories business generated revenues 17% of the total revenues or US$13 million. That figure dropped 19% compared to 2010. Revenues generated by seminars and other services were US$11 million or 13% of total revenues, a 28% increase over the previous year.
Source: Business Strategies Group Hong Kong – www.bsgasia.com –