Earlier this week, NASDAQ-listed Global Sources released first quarter results for the period ended 31st March 2012. Revenues were US$31.3 million, down 20% compared with US$38.9 million recorded in the same quarter last year. However, net income attributable to the company’s shareholders in the period was up 81% from US$3.1 million in the first quarter in 2012 to US$5.6 million this year. Diluted earnings per share in the quarter were US$0.16.
The Hong Kong-based company generated revenues of US$25.0 million from its online business – 80% of total revenues – that is a drop of 19% from US$30.9 million recorded last year. Revenues from print businesses accounted for 9.5% of total revenues at US$2.98 million, down 31% year-on-year from the US$4.35 million recorded in the same quarter last year. Exhibition revenues decreased 32% to US$1.5 million from US$2.2 million in 2012, and accounted for 4.8% of the company’s total revenues.
Source: Business Strategies Group Hong Kong – www.bsgasia.com