News this week: Indian specialty
publisher, CyberMedia, released its
financial results for the quarter ended 31st December 2012. Revenues in the quarter were US$3.1 million, a year-on-year 13% decrease. The
company recorded an increase of 17% in net profit, reaching US$44,000 in the period.
In the quarter,
CyberMedia generated 56% of the
revenue from the media business. This resulted in revenues of US$1.8 million, a year-on-year 24% increase. The remaining revenues were generated from the media services
business which grew 1.3% to US$1.4 million.
CyberMedia also announced the results for the nine months
ended 31st December. Revenues in the period were US$10 million, roughly flat with the same period last year.
The company posted a net profit of US$237,000
in the nine-month period – a jump of
160% compared with 2011.
Dilute earnings per share were Rs. 1.24
(US$0.023) in the first nine
months of their financial year.
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