Friday, November 15, 2013

Global Sources’ revenue down 24% in Q3

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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