News this week: This week, NASDAQ-listed Global
Sources released its results for the third quarter ended 30th September
2013. The company reported revenues of US$45 million, down 24% compared with
the same quarter in 2012. Net profit attributable to shareholders in the
quarter was US$5.4 million, a drop of 35% from the third quarter last year.
Global Sources also announced results for the nine months
ended 30th September. The company’s revenues were US$137 million, down
17% year-on-year. However, net profit attributable to the shareholders in the
nine-month period grew 32% to US$28 million. Diluted net income per share was
US$0.77.
Global Sources maintained its revenue guidance for the
second half of 2013 to be between US$101 million and US$103 million. Revenues
for the second half of last year were US$126 million.
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