Global Sources Q2 Revenue Growth Driven by Exhibitions

August 11, 2015

Global Sources reported total revenues in Q2 of US$68.5 million, up 17% year-on-year. Its exhibition revenues increased by 42% year-on-year to US$46.1 million, accounting for over 67% of Global Sources’ total revenues. The growth was attributed to the strong performance of its large electronics trade show in Hong Kong in April and the move of its SIMM machinery shows from 2014 Q1 to 2015 Q2.

“Recently, we completed three important actions to return value to our shareholders and to focus on our core business” commented Merle A. Hinrich, executive chairman of Global Sources. The three major moves include a cash tender offer to return up to US$50 million to shareholders, the sale of its eMedia Asia subsidiary and the sale of an investment property in Shenzhen.

Now classified as discontinued operation, the eMedia Asia business recorded revenues of US$2.5 Million, down from US$2.9 Million. Excluding that, Global Sources actually recorded a 19% revenue growth, up from US$55.5 million in the first half of 2014US$66 million in the first half of 2015.

Add new comment

About text formats

Related Articles

While the pandemic may have sidelined events at convention centers and other venues for a while, several made great use of the downtime to continue constructing new venues or…
With the pandemic showing no signs of abating, the event tech boom is continuing to transform the way virtual and in-person gatherings are planned and experienced, as well as…
Meetings, events, travel and tourism industry leader, Connect is gearing up to launch a second signature conference next year. Set for May 22-24, 2022 at the Puerto Rico…
On Aug. 26, the PCMA Foundation recognized more than 20 business events industry leaders at the 2021 PCMA Visionary Awards, which honors exceptional industry professionals…
Humans love to measure things and put names to them. We create measurements for individuals such as IQ and EQ as well as organizational maturities of all kinds. So, it only…
Dallas Market Center (DMC), global B2B trade center and wholesale marketplace, recently hosted the world’s largest trade events for western and equestrian buyers and brands.…
Partner Voices
Partner Voices
A New Convention Center/Entertainment District Is on the Way
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started. Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind. “Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for." What’s New – AT&T Discovery District Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall. Hotels Coming Soon Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond. JW Marriott This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar. InterContinental Dallas  Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.   Hotel Swexan Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
Learn More