Global Sources reported its financial results for the quarter ended 30th June 2012. Revenues in the second quarter were US$66.8 million, mostly flat compared to last year’s US$66.5 million. Net profit attributable to shareholders was US$9.7 million, a drop of 3.6% from 2011’s US$10.1 million.
Global Sources also released its half-year results for the six months ended 30th June. Revenues in the period were US$105.7 million, up 1.6% from US$104.1 million in the first half of 2011. Net profit attributable to shareholders was US$12.8 million, a year-on-year decrease of 5.9% from last year’s US$13.6 million. Diluted earnings per share in the first half were US$0.36.
Global Sources’ management forecasts revenues in the second half of the year to be between US$120 million and US$122 million. This is similar to revenues recorded in the second half of 2011 which were US$121 million.
Source: Business Strategies Group Hong Kong