Friday, November 16, 2012

Global Sources’ exhibition revenue jumped 159% in Q3

News this week: Yesterday, NASDAQ-listed Global Sources released its third quarter results ended 30th September 2012. The company reported revenues of US$59 million, an increase of 26% compared with the same quarter in 2011. Net profit attributable to shareholders in the quarter was US$8.2 million, more than double the US$3.96 million recorded in the third quarter last year.

Online revenues were US$30 million this quarter, flat against Q3 last year. Exhibition revenues jumped 159% to US$23 million. The impressive growth in exhibitions were attribute to good performance of the two major shows held in the quarter, SZIC and China International Optoelectronic Expo. Print revenues continued to decline, dropping 34% to US$4.1 million in the quarter.

For the nine months ended 30th September, the company’s revenues were US$165 million, a year-on-year 9.1% increase. Net profit attributable to the shareholders in the nine-month period was US$21 million, up 20% over the same period in 2011. Diluted net income per share was US$0.59 in the first nine months of the year.

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