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Q1-10: CyberMedia Net Loss Reduces 56.7%; EBITDA Up But Still Negative

CyberMedia
CyberMedia India improved its consolidated net loss by 56.7% to Rs. 18.17 million in the quarter ended June 30, compared to the previous one. Its operating income, however, fell 2.3% to Rs. 220.38 million.

Total expenditure was also lesser than previous quarter at Rs. 232.75 million and its EBITDA loss was reduced by Rs. 52.95 million to -Rs. 12.37 million.

Details: Release | Financials

Media Business

The effect of measures taken in the second half of the previous fiscal to ensure that profitability was revived in this quarter and the company claims to have increased its market share in the media segment. Hit by the slowdown in advertising in India, standalone revenues for the business fell 22.4% to Rs. 90.60 million. Net loss (before tax) reduced by 38.1% to Rs. 18.56 million.

Media Services

Its US content services business suffered losses of $0.35 million due to the recession this quarter, compared to $1.8 million in Q409. Consolidated losses amounted to Rs. 14.44 million, compared to a profit of Rs. 5.37 million in Q109. Revenues for the media services segment fell by 31.2% to Rs. 118.35 million from Q109 on a consolidated basis.

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Related

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

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