OnMobile Global posted a net profit of Rs 31 lakh for the quarter ended June 30, 2018 (Q1 FY19) compared to net profit of Rs 2.5 crore in the same quarter last year. This represents fall of 88% on YoY basis. The company had posted a net profit of Rs 4.3 crore in the preceding quarter. The company said that the fall in net profit is because of the inclusion of one-time loss on sale of property at Rs 2.6 crore and interest on income tax refund of Rs 3.2 crore in last quarter. Revenues stood at Rs 150.6 crore a decline of 8% from Rs 163.6 crore in the same quarter last year. EBITDA also continued to decline. On a QoQ basis, EBITDA was down 13% to Rs 10.7 crore. Employee costs decreased 3% from the preceding quarter to…
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