Saturday, August 25, 2012

Global Sources’ revenues in Q2 US$67 million

News this week: Yesterday, NASDAQ-listed Global Sources reported its financial results for the quarter ended 30th June 2012. Revenues in the second quarter were US$66.8 million, mostly flat compared to last year’s US$66.5 million. Net profit attributable to shareholders was US$9.7 million, a drop of 3.6% from 2011’s US$10.1 million.

Global Sources’ exhibitions business expanded with revenues of US$30.5 million, up 4.8% from the US$29.1 million recorded in Q2 of 2011. Online services generated US$30.0 million in the quarter, compared with US$29.9 million in 2011. Revenues from print services dropped 28% to US$4.4 million, down from last year’s US$6.1 million.

Global Sources also released its half-year results for the six months ended 30th June. Revenues in the period were US$105.7 million, up 1.6% from US$104.1 million in the first half of 2011. Net profit attributable to shareholders was US$12.8 million, a year-on-year decrease of 5.9% from last year’s US$13.6 million. Diluted earnings per share in the first half were US$0.36.

Global Sources’ management forecasts revenues in the second half of the year to be between US$120 million and US$122 million. This is similar to revenues recorded in the second half of 2011 which were US$121 million.

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.

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