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Global Sources Reports Strong Results in Q3 – Revenues up 19%

NASDAQ-listed Global Sources released its third quarter results ended 30th September 2011 this week. The company reported revenues were US$47 million, an increase of 19% compared with the same quarter in 2010. Net profit attributable to the shareholders was US$3.96 million in the quarter, an impressive growth of 90% over the third quarter of 2010.

Online revenues of US$30 million were recorded this quarter – an increase of 19%. Exhibitions revenues jumped of 17% to US$9.01 million. Print revenue grew 9.1% to US$6.3 million in the quarter. Revenues from mainland China were US$37.5 million, increased by 22% over US$30.7 million recorded last year.

For the nine months ended 30th September, the company’s revenues were US$151 million, a year-on-year 13% increase. Net profit attributable to the shareholders in the period was US$18 million, grew 26% over the same period last year. The diluted net income per share was US$0.50 in the first nine months of 2011.

Source:  Business Strategies Group Hong Kong

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