Global Sources Q2 2013 Revenues Down 8% – Profit Up 73%

Posted by Joachim Bartels | Aug 16, 2013 | Exhibition Industry, Global Sources, Hong Kong, Online Media - Buyer - Seller Platforms | 0 |

Global Sources revenues in the quarter were US$61 million, a year-on-year decrease of 8.0%. Net profit attributable to shareholders was US$17 million in the period, a jump of 73% from 2012.

Global Sources’ exhibitions business expanded to become its largest business segment during the quarter. Revenues were up 9.1% to US$33 million, or 54% of total revenues. Online business accounted for 37% of total revenues, which amounted to US$23 million or a drop of 25% from last year. Revenues from print services were down 19% to US$3.5 million and accounted for 5.7% of total revenues.

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.