News this week: Earlier this week, NASDAQ-listed Global Sources released its year-end
2012 results. Revenues in the year were US$232 million, up 3.0% over the
previous year. Net profits in 2012 were US$32 million, a year-on-year increase
of 9.3%. Diluted earnings per share in 2012
were US$0.90.
More than half of Global Sources’ revenues were generated
from its online services (US$119 million) – roughly flat compared with 2011.
Exhibitions revenues in the year were up 14% reaching US$89 million. That
figure represents 38% of total revenues. Print services (US$17 million) continue
to shrink accounting for just 7.4% of total revenues – a 27% year-on-year decrease.
Global Sources also provided guidance for the first half of 2013.
The company’s management is forecasting a weaker first half with revenues of
between US$87 million and US$89 million. This represents a decrease of 16%-18% compared
to the first half of 2012.
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