Global Sources’ Revenues in Q2 US$67 million

Posted by Joachim Bartels | Aug 24, 2012 | B2B Marketing, Exhibition Industry, Global Sources, Hong Kong, Online Media - Buyer - Seller Platforms | 0 |

Global Sources reported its financial results for the quarter ended 30^th 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 30^th 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

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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