Friday, November 14, 2014

Global Sources’ revenue and income down in Q3

News this week: This week, NASDAQ-listed Global Sources released its financial results for the third quarter ended 30th September 2014. The company reported revenues of US$43 million, down 5% compared with the same quarter in 2013. Net income in the quarter was US$1.9 million, a drop of 65% from the third quarter last year.

Close to half of Global Sources’ revenues were generated from online services, amounting to US$20 million or an 8% decrease year-on-year. Exhibition revenues remained flat at US$18 million and accounted for 41% of the company’s total. Declining print revenues dropped 18% to US$2.8 million in the quarter and accounted for 6.6% of total revenues.

Global Sources also announced results for the nine months ended 30th September. The company’s revenues were US$135 million, down 1.6% year-on-year. Net income in the nine-month period dropped 68% to US$9 million. Diluted net income per share was US$0.26.

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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