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CyberMedia Reports Rs 1.77 Cr Loss In FY13; Rs 71.6 Cr Revenue

Specialty media company CyberMedia has reported an operational income of Rs 71.6 crore for the year ending March 31, 2013 (FY13), a 5.5% decline from Rs 75.8 crore revenues in FY12. The company posted a net loss of Rs 1.77 crore for the year FY13, as compared to 0.14 crore profit in FY12. For the quarter ending March 31, 2013 (Q4-FY13), CyberMedia reported an operational income of Rs 15.05 crore, down 21.1% from Rs 19.06 crore revenues in the same quarter last year (Q4-FY12). The company posted increased losses of Rs 3.07 crore for the quarter, up from Rs 0.36 crore loss reported in the same quarter last year. Note that these consolidated results include the results of the company’s wholly owned subsidiaries, Cyber Media Research (previously known as IDC India), Cyber Media Services, Cyber Media Singapore, CyberMedia India and Cyber Astro and its associate companies Cyber Media Foundation, Cyber Media Careers and Any Time Media. Media Business: On a yearly basis, the media business saw a decline in the profit before tax to Rs 0.90 crore for FY13, down 68.4% from Rs 2.85 crore profit in FY12. The total revenues also declined marginally to Rs 42.1 crore for the year FY13, down 10.81% from Rs 47.2 crore in FY12. Media Business accounted for 58.8% of CyberMedia's total revenues in FY13. On a quarterly basis, the media business however reported a a loss before tax of Rs 2.1 crore for the quarter, down from Rs 1.05 crore profit in the same quarter last…

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