Friday, February 08, 2013

CyberMedia’s profit rises, revenue down


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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