Net sales in the quarter ended December 2009 at OnMobile Global have registered just a marginal increase to Rs. 896.3 million, and net profits have declined 36.3 percent year on year to Rs. 130 million. Total expenditure rose 16.4% to Rs. 758.5 million in the quarter with costs of content fees and royalty growing 58.3 percent to Rs. 218.9 million year on year. Employee costs are up 3.4 percent sequentially. Details: Standalone: Balance Sheet, Results| Consolidated: Balance Sheet, Results | Investments Disclosure | Q3 09-10 Highlights | Conference Call Details VAS Revenues OnMobile had noted in the previous quarter that VAS revenue growth for telcos in India were sliding and in the December 2009 quarter, the company said this trend continues despite good addition of mobile connections in the country. Mostly, the directives issued by Telecom Regulatory Authority of India on VAS in April has impacted acquisitions and usage. A comparison of changes in OnMobile’s India revenues (i.e. Standalone) with the VAS revenues (excluding P2P SMS) for the telecom operators: Telefony Cards Post the revision of the useful life of its Telefony Cards to 5 years, profit before tax has risen by Rs. 27 million in the quarter, compared to the Rs. 50.63 million rise recorded in the September 2009 quarter. Content Costs (Standalone) After plateuing in the previous quarter, content costs have again picked up pace. Consolidated Results On a consolidated basis, OnMobile reported total revenues of Rs. 1154.7 million, marginally lower than the Rs. 1157.2 million from the corresponding quarter…
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