Global Sources revenues in the quarter were US$61 million, a year-on-year decrease of 8.0%. Net profit attributable to shareholders was US$17 million in the period, a jump of 73% from 2012.
Global Sources’ exhibitions business expanded to become its largest business segment during the quarter. Revenues were up 9.1% to US$33 million, or 54% of total revenues. Online business accounted for 37% of total revenues, which amounted to US$23 million or a drop of 25% from last year. Revenues from print services were down 19% to US$3.5 million and accounted for 5.7% of total revenues.
Source: Business Strategies Group, Hong Kong – www.bsgasia.com