Friday, August 23, 2013

CyberMedia profit up, revenue down

News this week: Indian specialty publisher, CyberMedia, has announced results for the quarter ended 30th June 2013. CyberMedia’s revenues in the quarter were US$2.6 million, a year-on-year decrease of 17%. In the same period, the company recorded a net profit of US$129,000, up 76% compared with the same quarter last year. Dilute earnings per share in the period were Rs. 0.73 (US$0.012).

CyberMedia’s media services business generated US$1.5 million or 54% of total revenues in the quarter – an increase of 13% over the same period last year. The remaining revenues were generated from its media business segment, amounting to US$1.2 million - down by 36% compared with 2012.

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