Global Sources Ltd Announces China Sourcing Fair According to BAC Report04 Sep 2013 • by Natalie Aster
LONDON – The demand for mobile and wireless from suppliers and consumers is rapidly growing in Asia. Admitting the fact, Global Sources announced its plans to hold the China Sourcing Fair: Mobile & Wireless at AsiaWorld-Expo. The event will take place in Hong Kong, co-located with the China Sourcing Fair: Security Products and the China Sourcing Fair: Electronics & Components. The products showcased will be wireless devices, tablets, smartphones, mobile apps, accessories. There also will take place Private Sourcing Events as well as free conferences that bring together producers and consumers and help them communicate on the latest industry trends. The show is designed to be held each April and November starting 2014.
Global Sources is a story of success with its robust financial indices; for the year 2012 the company was able to improve its margins. Revenue increased by 2.9% to USD 231.7 M, gross profit added 5% and reached USD 125.1 M, operating income rose by 10.4% to USD 35 M, net income amounted to USD 32.2 M which is a 9.2% growth. Quarterly results reflect slow first and strong second periods of 2013. For the quarter ended June 30th revenue and gross profit comprised USD 61.4 M and USD 31.9 M, respectively. Operating and net income equaled USD 18.8 M and USD 16.8 M, respectively. China remains main revenue bringer for Global Sources, generating 81.8% of all company’s revenues. Other Asian countries add 15.4%, and rest of world contributes only 2.8%. Online services remain leading profit-generating segment with 51.3% share. Exhibitions generate 38.3% of total revenue amount, Print services add 7.4%, and Miscellaneous segment contributes 3%.
Founded in 1970 and headquartered in Hong Kong, Global Sources is a B2B trade promoter focused mainly on Chinese market and consumers. The company operates English-based online portal that helps buyers find the product they need of any quality and quantity. The enterprise also publishes print and digital magazines about the segment, and is able to conduct a market research upon customer’s request. Global Sources holds exhibitions, trade shows and private sourcing events that help buyers and sellers communicate. Since 2000 the company has been publicly traded on NASDAQ.
Acquire essential information on the company’s present activities, financial performance, business possibilities and competitors from the report “Global Sources Ltd. Fundamental Company Report Including Financial, SWOT, PESTEL, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Global Sources Ltd. Fundamental Company Report Including Financial, SWOT, PESTEL, Competitors and Industry Analysis
Date: Sep, 2013
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