Global sources reports third-quarter earnings

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New York--Global Sources Ltd., a b-to-b media company that focuses on Asian markets, reported that net income for the third quarter increased to $1 million, up from $799,000 in the third quarter of 2001. Overall revenue declined slightly to $22.3 million, from $23.6 million in the same period last year, but revenue from China increased 13%. China now represents 37% of the company’s revenues, up from 31% at the same time last year, according to Global Sources Chairman-CEO Merle Hinrichs.
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