Global Sources Ltd. said its fourth-quarter profit rose 14.6 percent even as revenue fell. Global Sources Ltd. Trades on the “NASDAQ’ under the stock symbol “
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Global Sources Ltd.(NASDAQ:
Global earned $8.6 million or 19 cents a share in the three-month period ending Dec. 31, up from $7.5 million, or 14 cents a share, a year ago. Excluding one-time items the company earned $8.5 million, or 18 cents a share. For the fiscal year, earnings fell to $16.1 million or 35 cents a share, from $26.4 million, or 51 cents a share in fiscal 2008. Sales fell to $174.5 million from $206.9 million.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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