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

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Image CAPTCHA
Enter the characters shown in the image.

Partner Voices

Las Vegas is home to world-leading tech conferences, such as Amazon Web Services (AWS) re:Invent in late 2021 and CES in January 2022. It’s where the world’s brightest minds once again are coming together – in person – to discuss the very future of tech, digital transformation, and innovations to help people live and work more productively. It’s only fitting that as a destination Las Vegas is transforming the guest experience with unique venue technology ranging from secure hybrid meetings to contactless payments to some of the largest digital screens in the world.