HC International Returns to Profit

Posted by Joachim Bartels | May 18, 2012 | China, E-Commerce, HC International, Hong Kong, Online Media - Buyer - Seller Platforms | 0 |

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

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Joachim Bartels

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