wordpress blog stats
Connect with us

Hi, what are you looking for?

Cybermedia Net Loss Down 2%, Media Services PBT Soars

On its road to recovery after a bad year, BSE-listed Cybermedia India has witnessed net losses reducing (by 2 percent) to Rs. 6.32 million but revenues have fallen 4 percent quarter on quarter to Rs. 250.45 million. Revenues are down 15% from the Rs. 294.52 million posted in the December 2008 quarter, and the company’s focus is currently on controlling expenses. Expenditure has fallen 26.2 percent year on year to Rs. 233.26 million, a step below the previous quarter’s expenses.

Details: Financials | Release

Cybermedia owns and operates publications (online and offline) like CIOL, Dataquest, PCQuest, Dare, Voice & Data, Living Digital, and also offers media services through IDC India and US-based services Content Matrix, which contribute more to the company.

Segments


Losses incurred by the Media segment, which publishes magazines such as Dataquest, PCQuest, Voice&Data, BioSpectrum and Living Digital, have risen 3.6 times to Rs. 13.31 million in the quarter and revenues fell 35.4 percent.

But its Media Services division has, once again, posted strong profit growth – it is up from Rs. 5 million in the September quarter to Rs. 18.52 million this time. Revenues rose 5.69 percent compared to the corresponding quarter last year.

Advertisement. Scroll to continue reading.

Related

Cybermedia Posts Net Loss Of Rs. 6.43M: Down 82%

Q1-10: CyberMedia Net Loss Reduces 56.7%; EBITDA Up But Still Negative
Q409: CyberMedia Net Loss Doubles; Media Services Contribution Rises; Annual Results
Q309: CIOL Merged Into CyberMedia; Voice & Data Connect; Global Services To Be Online Only

Advertisement. Scroll to continue reading.
Written By

http://www.linkedin.com/in/preethij

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

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