Friday, November 23, 2012

CyberMedia posts impressive profit growth

News this week: Indian specialty publisher, CyberMedia, has announced its results for the quarter ended 30th September 2012. Revenues were up 8.3% year-on-year to US$3.8 million. The company posted a net profit of US$118,000, an impressive jump from last year’s US$25,000.

CyberMedia’s media business generated US$2.5 million or 64% of total revenues, up 12% from the same quarter in 2011. The media services business generated revenues of US$1.4 million, flat against the same period last year.

For the six months ended 30th September, revenues were US$7.4 million, an increase of 6.6% over the same period last year. CyberMedia posted a profit of US$201,000, compared with US$60,000 in the first half of 2011. Dilute earnings per share in the period were Rs. 1.01 (US$0.019).

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