Hong Kong-listed HC International reported its first quarter results for 2012. For the three months ended 31st March, revenues were US$18 million – an increase of 37% compared with the same quarter in 2011. The company recorded profit attributable to equity holders of US$843,000, compared with a loss of US$297,000 last year. Diluted earnings per share in the quarter were RMB 0.0091 (US$0.0014).
The largest business segment in the quarter for the Beijing-based company was online services, which generated revenues of US$13 million (75% of total revenues), a year-on-year growth of 62%. The second largest business segment was seminars and other services, up 36% to US$2.4 million translating to 13% of total revenues. The company’s remaining revenues were generated from its trade catalogues and yellow page directories segment, amounting to US$2.1 million, a drop of 30% from the same quarter last year.
Source: Business Strategies Group Hong Kong