News this week: Earlier this week, NASDAQ-listed Global Sources released its 2011 full-year results as of 31st December 2011. Revenues in the year were US$225 million, up 14% from 2010’s US$196 million. That revenue figure represents a new record high since the company was listed on NASDAQ in 2000.
The company’s online and exhibitions businesses continued to perform well in 2011. Online revenues of US$118 million accounted for 52% of total revenues, which is a year-on-year 23% increase up from US$96 million in 2010. Exhibitions revenues in 2011 were up 12% to US$78 million – and accounted for 35% of total revenues. Print revenues decreased 9.8% from US$26.1 million in 2010 to US$23.5 million. Print revenues now account for only 10% of the company’s total revenues.
Net profit attributable to the shareholders in 2011 was US$29 million, a 17% increase over 2010’s US$25 million. Diluted earnings per share in the year were US$0.83.
Global Sources provided guidance for the first half of 2012, estimating that revenues will be between US$108 million and US$110 million, representing a 4%-6% increase over the first half of 2011 (US$104 million).
Global Sources’ executive chairman, Merle A. Hinrichs, said in the press release, “We had a good quarter driven by continued strength in our online and exhibition businesses… Exporters need to identify new buyers and open new markets and we have been leading the way by aggressively building our buyer community in emerging markets. Our regional shows take suppliers directly to the sourcing hubs of Dubai, Mumbai, Miami, Johannesburg and Sao Paulo.”
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