wordpress blog stats
Connect with us

Hi, what are you looking for?

Q409: CyberMedia Net Loss Doubles; Media Services Contribution Rises; Annual Results

CyberMedia

Cybermedia India‘s consolidated net loss doubled in Q4 09 to Rs. 42.01 million compared to last quarter. Operating income dropped by 23% to Rs. 226.67 million during the quarter. Earnings per share have also fallen to a negative Rs. 6.1 (-6.01) from FY08’s Rs. 5.44. EBITDA margins declined from 12.8% to -0.8%, with the company reporting negative EBITDA earnings for the fiscal at Rs. -9.2 million, down from Rs. 140 million last fiscal. Cybermedia, after its massive consolidation effort last quarter, now has just two business segments – Media and Media Services.

cybermedia-revenuesplit

Media Business

As had been announced earlier, Cybermedia has moved its “Global Services” magazine entirely online. Voice & Data Connect, targeted at channel partners in the telecom industry, has also been merged into Voice & Data, to improve profitability. CyberMedia also recently launched a TV show on e-governance called ekranti. Remember that CIOL, the company’s online tech business, was merged into Cybermedia. No specifics have been mentioned for the online business.

Media Services Business

Cybermedia has tried to focus on its media services outsourcing, and given the global recession, has tried to reduce its dependence on Print advertising. As a consequence, Media Services business now accounts for 48% of the total turnover, up from a 34% share for the previous fiscal. However, the profitability of the media services business was adversely impacted by the US recession, and the company reported losses before tax of $1.8 million for its US operations. The company says that the impact of cost-cutting will be felt in the first half of this fiscal.

Annual Results

For fiscal 2009, the company’s operating income showed a 7.5% rise to Rs. 1,203.9 million up from Rs. 1,119.82 million in FY 08. Last year, CyberMedia India had made a profit of Rs. 54.41 million, its operating profit margin was 12.39% while net profit margin was 4.8%. This year, losses amounted to Rs. 78.2 million.

Advertisement. Scroll to continue reading.

Expenses mounted due to cost of operations, sales and raw materials to Rs. 612.15 million from Rs. 504.98 million in the previous year and though overall purchases of traded goods fell by 29.8%, employee costs were higher, bringing expenses to total Rs. 1275.54 million.

Q4 Details: Financials

Related

Q309: CIOL Merged Into CyberMedia; Voice & Data Connect; Global Services To Be Online Only

Advertisement. Scroll to continue reading.

You May Also Like

News

In the quarter ended December 31, 2020, Info Edge India Ltd. saw recovery in Naukri and 99acres with traffic and engagement up over the...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ