Global Sources Q3 2012 Profit Up 105% YoY
Global Sources, 11/15/12
Hong Kong-based B2B e-commerce company Global Sources (Nasdaq: GSOL) has announced its unaudited financial results for the three months ended September 30, 2012. Q3 2012 revenue was USD 59.1 mln, up 25.7% YoY from USD 47.0 mln a year before.
Net income attribute to shareholders was USD 8.2 mln, an increase of 105.0% YoY from a net income attributable to shareholders of USD 4.0 mln a year before.
Online revenue was USD 30.0 mln, as compared to USD 30.4 mln a year before. Exhibitions revenue was USD 23.3 mln, up 158.9% YoY from USD 9.0 mln in Q3 2011. Print revenue was USD 4.1 mln, down 34.9% YoY from USD 6.3 mln a year before.
During the quarter Global Sources renewed its contracts with AsiaWorld-Expo Management to host China Sourcing Fairs at Hong Kong's AsiaWorld-Expo for 2015 and 2016. The contracts represent a total value of USD 21.4 mln
The inaugural China Sourcing Fairs in Sao Paulo, Brazil were launched in August. The Fairs were the largest expositions of mainland China-made products in Brazil, featuring 500 booths. Total attendance exceeded 5,400 and included buyers from 23 countries. The Fairs are managed by Milton Exhibits under license from Global Sources
For the second half of 2012 ending December 31, 2012 Global Sources expects revenue to be in the range of USD 124.0 mln to USD 125.0 mln, as compared to USD 121.0 mln for the second half of 2011.
To view the complete report please see here.
Keywords: B2B e-commerce Internet profit revenue Global Sources GSOL Q3 2012 fiscal report
Sending
