Friday, June 01, 2012
News this week: Earlier this week, CyberMedia, an Indian specialty publisher, announced its financial results for the year ended 31st March 2012. Revenues were down 19% to US$15 million. The company posted a net profit of US$28,000, a decrease of 41% year-on-year. Dilute earnings per share were Rs. 1.40 (US$0.028) during the period.
CyberMedia’s media business generated revenues of US$9.3 million or 61% of its total revenues, a decrease of 10% year-on-year. The remaining revenues were attributed to the company’s media services business, which dropped 29% to US$6.0 million.
The company also announced its results for the quarter ended 31st March. Total revenues in the period were US$3.8 million, down 4.1% compared with the same period last year. The company posted a quarterly net loss of US$70,000, compared to a net profit of US$235,000 recorded in the same quarter of 2011.
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