Marbridge Daily

<- August 12, 2009 ->

HC International Records Q2 2009 Net Loss of RMB 924,000

HC International, 8/12/09

Chinese B2B e-commerce platform HC International (8292.HK) has announced its financial results for the second quarter and the six months ended June 30, 2009. For the second quarter of 2009, HC International had net revenues reaching RMB 77.6 mln, down 9 % YoY. For the H1 2009, HC International had net revenues RMB 144.51 mln down 4.08% YoY.

Net loss for Q2 2009 came to RMB 924,000, compared to a net profit of RMB 1.6 mln in 2008. Net loss for H1 2009 came to RMB 4.3 mln, compared to a net profit of RMB 4.2 Mln.

For H1 2009, the company recorded revenues of RMB 51.5 mln from its trade catalogs and yellow page directories, down 22.3 % YoY. Revenue from its online business came to RMB 65.3 mln, up 18.1% YoY. Revenue from market research and analysis was RMB 18.5 mln, down 21% YoY.

To see HC International's full earnings report, please click here.

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