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CyberMedia posts Rs 1.2 Cr loss in FY14; Revenue down 16.4% YoY to Rs 59.86 Cr

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Specialty media company CyberMedia continues to report losses, although there is some improvement: Rs 1.20 crore loss for the year ended March 31, 2014 (FY14), as compared to Rs 1.77 crore loss in the previous year.

The total operational income saw a 16.4% decline to Rs 59.86 crore for the year, down from Rs 71.61 crore in FY13.

For the quarter ending March 31, 2014 (Q4-FY14), CyberMedia posted a net loss of Rs 1.54 crore, an improvement from Rs 3.07 crore loss in the same quarter last year. The operational income however declined marginally by 2.13% year-on-year (YoY) to Rs 14.73 crore for the quarter, from Rs 15.05 crore in the same quarter last year.

Note that these consolidated results include the results of the company’s wholly owned subsidiaries, Cyber Media Research, 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: Revenues from the media business declined by 26% YoY to Rs 31.14 crore for FY14, from Rs 42.09 crore in FY13. The segment was however more profitable – posting a profit before tax of Rs 3.41 crore for FY14, as compared to Rs 0.90 crore profit in FY13.

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The decline in revenue also pulled the segment’s contribution to 48.8% of CyberMedia’s Rs 63.8 crore revenue (includes inter-segment revenue, hence higher than net revenue reported earlier), down from 57.6% in FY13.

For the quarter Q4-FY14, the segment posted a profit before tax of Rs 1.41 crore, as compared to Rs 2.10 crore loss in the same quarter last year. The total revenues grew by 5.45% YoY to Rs 7.93 crore for the quarter, from Rs 7.52 crore in the same quarter last year.

CyberMedia currently has 12 print properties and 30 online properties including PCQuest, DQIndia, DQChannels, The DQ WeekVoice&Data, CIOL, GlobalServices and CyberAstro among others.

In September last year, CyberMedia sold its life sciences focused B2B media brand BioSpectrum to MM Activ, a trade show company which organized events like Bangalore India Bio, AgroVision, Nutra India summit, Indian Science Congress Expo, among others. Strangely though, BioSpectrum still sports CyberMedia logo on its website.

Besides this, CyberMedia had also shut two of its publications – Dare Magazine and LivingDigital and hadn’t renewed the license from MIT for Tech Review India.

Media Services Business: The Media services business reported a loss of Rs 0.75 crore for FY14, as compared to a profit of Rs 0.15 crore in FY13. The total revenue however saw a modest 5.45% growth to Rs 32.65 crore for FY14, from Rs 30.96 crore in FY13. Media Services Business contributed for 51.2% of CyberMedia’s total revenues in FY14, up from 42.4% in FY14.

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On a quarterly basis, the media services business posted a loss before tax of Rs 0.93 crore for the quarter, an increase from Rs 0.48 crore loss in the same quarter last year. The segment revenues also grew marginally to Rs 8.27 crore for the quarter, up 2.1% from Rs 8.1 crore in the same quarter last year.

CyberMedia Media Services business currently houses its IT & telecom research firm Cybermedia Research, content marketing agency TDA Group and media services firm Content Matrix which offers custom media solutions through various units like CyberMedia Services and Publication Services.


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