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.
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.
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.
– 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