GAAP net loss in the first quarter was $4.8 million, or a loss of $0.04 per American depository share (ADS). This compares with a GAAP net loss of $9.1 million for the fourth quarter of fiscal 2004, or a loss of $0.07 per ADS. EBITDA in the first quarter was $5.9 million, or 11 percent of net revenue. This compares with EBITDA of $12.3 million, or 20 percent of net revenue, in the fourth quarter of fiscal 2004.

(August 27, 2004) Hong Kong&#8212Global Sources Ltd. released a report that projects strong growth in the Chinese consumer electronics industry and indicates manufacturers are shifting output to high-end products as they move away from price-based competition. The report is published by the company’s China-based electronics publications, Electronic Engineering Times-China and Electronics Supply & Manufacturing-China.