Global Sources’ Revenues Down 15%

Posted by Joachim Bartels | Mar 17, 2014 | B2B Media, Exhibition Industry, Global Sources, Hong Kong, Media / Publishing, Online Media - Buyer - Seller Platforms | 0 |

NASDAQ-listed Global Sources revenues for 2013 were US$198 million, down 15% from the previous year. However, net profit in 2013 grew moderately by 1.6%, to US$33 million using the IFRS accounting standard. Diluted earnings per share in the year were US$0.91.

More than 46% of Global Sources’ revenues were generated from its online services (US$91 million) – a drop of 23% compared with 2012. Exhibitions revenues in the year were down 3.5%, to US$86 million and that figure represents 43% of total revenues. Print services (US$13 million) continue to shrink accounting for just 6.7% of total revenues, a 23% year-on-year decrease.

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

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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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