Global Sources Ltd. (Nasdaq: GSOL) reported financial results for the fourth quarter and year-ended December 31, 2010.
"Healthy growth in our online and exhibitions businesses drove solid revenue and earnings growth for the fourth quarter of 2010," said Global Sources' chairman and CEO, Merle A. Hinrichs. "As we head into our fifth decade in this business, we are focused on increasing market penetration in our core, export-focused business; expansion in China's domestic B2B market; and new product development, including trade shows in new verticals and new locations, as well as launching online trade shows to complement our physical shows.
Financial highlights - Fourth quarter: 2010 compared to 2009
Revenue was $62.4 million, as compared to $54.9 million.
Online revenue was $25.0 million, as compared to $20.4 million.
Exhibitions revenue was $29.9 million, as compared to $25.8 million.
Print revenue was $6.2 million, as compared to $7.5 million.
Revenue from mainland China was $48.4 million, as compared to $40.6 million.
Provides guidance for the first half of 2011, expects revenue of $102.5 million to $103.5 million.