Friday, May 31, 2013

CyberMedia posts loss in FY2012-13

News this week: Earlier this week, CyberMedia, an Indian specialty publisher, announced its results for the year ended 31st March 2013. Revenues in the year were down 5.5% to US$13 million. The company posted a net loss of US$326,000 in 2012-13, compared to a profit of US$28,000 recorded in the previous year.

CyberMedia’s media business generated revenues of US$7.7 million or about 58% of total revenues, an 11% year-on-year decrease. The remaining revenues were attributed to the company’s media services business, which posted a 1.8% increase to US$5.7 million.

For the quarter ended 31st March, revenues were US$2.8 million, down 21% year-on-year. The company posted a quarterly net loss of US$566,000, up significantly from US$70,000 loss recorded in the same period last year.

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