Mobile VAS company OnMobile Global reported a 10% decline in net profit, at Rs 84 million, despite an increase in net sales, which rose by 6% to Rs 944 million on a standalone basis for the quarter ended March 31st, 2009. Profit rose by 56% on a year on year basis from Rs 118 million and net sales rose by 40% from Rs 673 million in Q4-08. The company has also reported a 49% growth in net profit to Rs 707 million for the fiscal year 2008-09, up from Rs 476 million for 2008. Earnings per share (basic) fell by 9% to Rs 3 from the third quarter and rose by 60% on a year on year basis. On a consolidated basis, OnMobile reported international revenues of 23% of total revenue as compared to 15% for last year. Importantly, revenue concentration from top 5 Operators down from 77% in the last financial year to 70% during the current year. According to the company, their direct costs were higher in FY09 because of higher content costs, and higher payouts for media and initiatives in mobile marketing business The full year consolidated financials include the revenue and costs of Telisma, which was acquired on 1st July 2008. Details: Consolidated Financials | Standalone Financials | Highlights Content Costs Royalty and content fees rose by 34% to Rs 185 million in Q4-09 from Rs 138 million recorded the previous quarter. It has almost doubled from the corresponding quarter last fiscal when it was Rs 62 million.…
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