Global Sources Forecasts 9-10 Percent Growth
GDA Staff -- Gifts and Dec, 3/17/2011 11:13:58 AM
New York - Global Sources Ltd., a business-to-business media company and facilitator of trade with Greater China, reported that fourth quarter 2010 revenue rose to $62.4 million, as compared to $54.9 million. Online revenue was $25 million, compared to $20.4 million, Exhibitions revenue was $29.9 million, compared to $25.8 million and Print revenue was $6.2 million, compared to $7.5 million. Net income was $9.5 million compared to $8.6 million.
"To support continued growth, we plan to increase investments in technology infrastructure, community and content development, sales and marketing, as well as in trade show expansion, especially in the China domestic market," Global Sources' CFO Connie Lai said in a statement.
For the first half of 2011, revenue is expected to be in the range of $102.5 million to $103.5 million, an increase of 9-10 percent.
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