Friday, February 14, 2014

CyberMedia’s profit jumps 268% in Q3

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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