NEW YORK, Jan. 7, 2016 /PRNewswire/ -- Global Sources Ltd.
(NASDAQ: GSOL) intends to change the frequency of its interim
financial reporting from quarterly to semi-annually effective
beginning in 2016.
Global Sources' executive chairman, Merle A. Hinrich, said, "Global Sources' Board
of Directors decided to initiate a semi-annual reporting schedule
to reflect the cyclical nature of our exhibitions business as our
Hong Kong trade shows held in
April and October have become an increasingly strong revenue
contributor to our business."
Global Sources is scheduled to publish the following financial
reviews and reports.
- Fourth quarter and full year 2015 financial results press
release and conference call on March
17, 2016 and the financial statements for the full year
2015 are scheduled to be filed in April
2016.
- The annual report and the Annual Letter to Shareholders in
May 2016.
- The six-month period Jan. 1, 2016
through June 30, 2016 financial
results press release and conference call on Sept. 13, 2016.
- The company intends to continue using all the same revenue
reporting categories:
- Online and other media services
- Exhibitions
- Miscellaneous
- The company plans to continue providing half year guidance for
revenue and IFRS and non-IFRS net income per share.
"I am confident our strategy to offer buyers and suppliers an
integrated offering of online and trade shows should enable the
company to be positioned for long-term growth. We look forward to
maintaining consistent and transparent communications with the
investment community," concluded Hinrich.
About Global Sources
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), magazines,
apps, private sourcing events, and trade shows.
More than 1 million international buyers, including 95 of the
world's top 100 retailers, use these services to obtain product and
company information to help them source more profitably from
overseas supply markets. These services also provide suppliers with
integrated marketing solutions to build corporate image, generate
sales leads and win orders from buyers in more than 240 countries
and territories.
Now in its fifth decade, Global Sources has been publicly listed
on the NASDAQ since 2000.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27-A of the Securities Act of 1933, as amended
and Section 21-E of the Securities Exchange Act of 1934, as
amended. The company's actual results could differ materially from
those set forth in the forward-looking statements as a result of
the risks associated with the company's business, changes in
general economic conditions, and changes in the assumptions used in
making such forward-looking statements.
Press Contact
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Investor Contact in Asia
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Camellia So
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Connie Lai
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Tel: (852)
2555-5021
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Tel: (852)
2555-4747
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e-mail:
GSpress@globalsources.com
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e-mail: investor@globalsources.com
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|
|
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Investor Contact in U.S.
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Cathy Mattison
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LHA
|
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Tel: (1-415) 433-3777
|
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e-mail: cmattison@lhai.com
|
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SOURCE Global Sources