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Global Sources’ Revenues Down 15%

NASDAQ-listed Global Sources revenues for 2013 were US$198 million, down 15% from the previous year.  However, net profit in 2013 grew moderately by 1.6%, to US$33 million using the IFRS accounting standard.  Diluted earnings per share in the year were US$0.91.

More than 46% of Global Sources’ revenues were generated from its online services (US$91 million) – a drop of 23% compared with 2012.  Exhibitions revenues in the year were down 3.5%, to US$86 million and that figure represents 43% of total revenues. Print services (US$13 million) continue to shrink accounting for just 6.7% of total revenues, a 23% year-on-year decrease.

Source:  Business Strategies Group Hong Kong – www.bsgasia.com

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