Spice Mobility’s mobile devices business continued to face losses, although to a lesser extent than before, and the segment posted a net loss before tax of Rs 13.85 crore for the quarter ended June 30th 2015, compared to a loss of Rs 69.78 crore in the previous quarter.Year-on-year, the company’s losses widened as it reported a loss of Rs 3.34 crore the same quarter last year. The segment reported total revenues of Rs 431.8 crore for the quarter, registering a marginal 1.51% growth from Rs 425.38 crore the preceding quarter. On a year-on-year basis, the revenues declined by 13.3% from Rs 498.02 crore in the corresponding quarter last year. Mobile devices business continues to dominate Spice Mobility’s revenues, accounting for 88.03% of the company’s revenues for the quarter that stood at Rs 489.02 crore. The mobile devices segment accounted for 91.7% of the company’s revenues in the same quarter last year and 89.45% in the preceding quarter. Services profit increases: The revenue from Spice Mobility’s services business increased to Rs 58.52 crore for the quarter, up 25.68% from Rs 46.56 crore in the same quarter last year and up by 4.28% from Rs 56.12 crore in the preceding quarter. The profit before tax however decreased to Rs 1 crore for the quarter, down 21.26% from Rs 1.27 crore profit in the same quarter last year and down 78.26% from Rs 4.6 crore profit in the previous quarter. Services business represented about 11.97% of Spice Mobility’s revenues for the quarter. Overall, Spice Mobility posted revenues of…
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