Global Sources revenue down slightly from prior year Q2

Global Sources Ltd. (NASDAQ: GSOL) reported that revenue was USD61.4m in the second quarter of 2013, as compared to USD66.8m in the prior year quarter.

Online revenue was USD22.7m current quarter, as compared to USD30.0m in the prior year. Exhibitions revenue was USD33.3m, as compared to USD30.5m; print revenue was USD3.5m, as compared to USD4.4m.

Global Sources´ CFO, Connie Lai, said: “We closed the quarter with a cash and securities position of USD135.1m, as compared to USD106.0m at the end of June 2012, and we continue to have no debt.”

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (GlobalSources.com), print and digital magazines, sourcing research reports, private sourcing events, and trade shows.