Global Sources 2016 Revenues Declined by 7.8%

Posted by Joachim Bartels | Mar 22, 2017 | E-Commerce, Global Sources, Hong Kong | 0 |

Global Sources released its financial results for the year ended 31^st December 2016. Revenues from continuing operations in the year were US$157.7 million, down 7.8% compared to US$171.0 million recorded in 2015. IFRS net profit dropped 23% year-on-year to US$18.4 million from US$24.0 million in the previous year. However, adjusted EBITDA increased from US$30.8 million up to US$32.0 million in 2016.

More than 58% of Global Sources’ revenues were generated from the exhibitions business – amounting to US$92 million. That is essentially flat compared with the previous year. Online revenues declined by 18% year-on-year, down to U$52.8 million, which accounts for approximately 33% of total revenues. The print business generated revenues of US$5.6 million, down 4.0%. The remaining revenues of US$6.9 million were generated from “miscellaneous” business activities.

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

About The Author

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.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.