News this week: Indian specialty
publisher, CyberMedia, released its
financial results for the quarter ended 31st December 2013. Revenues in the quarter were
US$2.4 million, a year-on-year
13% decrease. However, the
company posted a significant growth in net profit of 268%, amounting to US$143,000
in the quarter.
In the quarter, more
than half of CyberMedia’s
revenues were generated from its media business, which were US$1.3
million – a year-on-year decrease of 17%. The remaining revenues were generated from media
services business which dropped 2.8%
to US$1.2 million.
CyberMedia also reported
its results for the nine months ended 31st December. Revenues
in the nine-month period were
US$7.3 million, slipping 20% from the same period of 2012.
Net profit in the period dropped 75%,
down to US$53,000. Dilute earnings per share were Rs. 0.31 (US$0.0050) in the period.
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