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HC International Doubles Profit in Q1

Search300Hong Kong-listed HC International reported its results for the quarter ended 31st March 2014. Revenues in the quarter were US$36 million – an increase of 39% over the same quarter last year. The company recorded profit attributable to equity holders of US$6.8 million, an impressive growth of 109% from 2013. Diluted earnings per share in the period were RMB 0.0615 (US$0.0099).

More than 85% of the Beijing-based company’s revenues were generated from online services amounting to US$31 million.  This represents a year-on-year growth of 41%. The second largest business segment was seminars and other services, which increased by 62% to US$4.1 million and accounting for 11% of total revenues. The remaining revenues were generated from its trade catalogues and yellow page directories segment. Revenues of this segment were US$1.2 million, a drop of 24% from the same quarter last year.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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