Global Sources has reported revenues of $52.5 million, up 17% on the previous year for the second quarter. Net income was $4.2 million, up 4%. This includes an impairment charge of $1.8 million on the company’s investment in HC International.
Online revenues were $18.5 million, up 18% while sales from print media were down 3% at $12.0 million. Exhibitions revenue was $20.9 million, up 28% from $16.4 million and revenue from China was $32.6 million, up 37% from $23.8 million. Source: Global Resources