Global Sources Ltd (GSOL) Reports Q4 EPS of $0.31, Offers H1 Guidance

Global Sources Ltd (NASDAQ: GSOL) reported Q4 EPS of $0.31, versus $0.30 reported last year. Revenue for the quarter came in at $62.9 million, versus $60.1 million reported last year.

Financial expectations for the first half of 2015 under IFRS

For the first half of 2015 ending June 30, 2015:

• Revenue is expected to be in the range of $90.0 million to $92.0 million, as compared to $92.8 million for the first half of 2014.
• IFRS EPS is expected to be in the range of $0.15 to $0.19, as compared to $0.20 per diluted share in the first half of 2014. SBC and the amortization of intangibles as it relates to certain equity compensation plans are estimated to be an expense of $0.04 per diluted share for the first half of 2015.
• Non-IFRS EPS is expected to be in the range of $0.19 to $0.23, as compared to $0.28 per diluted share for the same period in 2014.
• Adjusted EBITDA is expected to be between $12.9 million and $14.1 million, as compared to $17.7 million in the first half of 2014.

"We expect the revenue mix for the first half of 2015 to range between 50% and 51% for exhibitions, 38% and 39% for online, 5% and 6% for print, and approximately 4% for miscellaneous, which reflects the growing contribution of our specialized vertical trade show offerings. This compares to a first half of 2014 revenue mix of approximately 45% for online, 45% for exhibitions, 6% for print, and 4% for miscellaneous," Lai added.

For earnings history and earnings-related data on Global Sources Ltd (GSOL) click here.

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