Hong Kong-listed HC International reported its first quarter results for 2013. For the three months ended 31st March, revenues were US$26 million – an increase of 43% compared with the same quarter in 2012. The company recorded profit attributable to equity holders of US$3.3 million, a near four-fold increase over last year’s US$843,000. Diluted earnings per share in the quarter were RMB 0.0337 (US$0.0054).
The largest business segment in the quarter for the Beijing-based company was online services, which generated revenues of US$22 million (84% of total revenues). This represents a year-on-year growth of 61%. The second largest business segment was seminars and other services, up 4.8% to US$2.5 million, accounting for 9.7% of total revenues. The company’s remaining revenues were generated from its trade catalogues and yellow page directories segment. These amounted to US$1.6 million, a drop of 26% from the same quarter last year.
HC International, Inc. is an investment holding company. The Company and its subsidiaries organize a business-to-business community across the People’s Republic of China by providing business information through both on-line and offline channels. It operates an on-line market place and provides industrial search result prioritizing services. It operates in four segments: on-line services, which generates subscription fee income by provision of a reliable platform to customers to do business and meet business partners on-line; trade catalogues and yellow page directories, which generates advertising income by provision of trade information through trade catalogues and yellow page directories published by the Company; market research and analysis, which include provision of business information and analysis services, and seminars and other services, which include services for hosting of seminars.
Source: Business Strategies Group Hong Kong – www.bsgasia.com