LGlobal Sources revenues in the second quarter were US$58.3 million, a year-on-year decrease of 5%. Net profit attributable to shareholders was US$7 million in the period, a drop of 58% from 2013.

Global Sources’ revenues from exhibitions were US$32.4 million down 2.7% compared with last year, and accounted for 56% of total revenues.  Online business accounted for 36% of total revenues, which amounted to US$20.8 million.  Online revenues were down 8% vs. last year. Revenues from print services were down 14% to US$3.0 million and accounted for 5% of total revenues.

Global Sources also reported its half-year results for the six months ended 30th June. Revenues in the period were US$93 million, flat compared with the first half of 2013. Net profit attributable to shareholders dropped by 68% over last year to US$7 million. Diluted earnings per share in the first half were US$0.2.

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