Global Sources Q4 2008 Net Profit Down 8%

PRNewswire, 3/12/09

B2B e-commerce company Global Sources (Nasdaq: GSOL) has issued its earnings report for Q4 2008, with net revenues reaching USD 65.0 mln, up 7% year-on-year. 2008 full-year net revenues rose to USD 206.9 mln, an increase of 24% over the 2007 figure.

Net income for the quarter came to USD 7.5 mln, down 7.6% YoY. Net income for fiscal year 2008 increased 10.1% to USD 26.4 mln.

Online revenue for the quarter was USD 25.0 mln, up 22% YoY. Exhibitions revenue was USD 26.4 mln, up 4% YoY. Print revenue was USD 11.4 mln, down 15% YoY. Revenue from mainland China was USD 45.4 mln, up 18% YoY.

To view Global Sources' full earnings report, please click here.

Keywords: B2B e-commerce Global Sources GSOL Internet Q4 2008 revenue fiscal report profit

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