Sunday, November 20, 2011

Global Sources reports strong results in Q3

News this week: NASDAQ-listed Global Sources released its third quarter results ended 30th September 2011 this week. The company reported revenues were US$47 million, an increase of 19% compared with the same quarter in 2010. Net profit attributable to the shareholders was US$3.96 million in the quarter, an impressive growth of 90% over the third quarter of 2010.

Online revenues of US$30 million were recorded this quarter – an increase of 19%. Exhibitions revenues jumped of 17% to US$9.01 million. Print revenue grew 9.1% to US$6.3 million in the quarter. Revenues from mainland China were US$37.5 million, increased by 22% over US$30.7 million recorded last year.

For the nine months ended 30th September, the company’s revenues were US$151 million, a year-on-year 13% increase. Net profit attributable to the shareholders in the period was US$18 million, grew 26% over the same period last year. The diluted net income per share was US$0.50 in the first nine months of 2011.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

No comments: