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CyberMedia Q2 net profit up 16 pc to Rs 23.1 million

25-October-2006
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CyberMedia Q2 net profit up 16 pc to Rs 23.1 million

Specialty media house CyberMedia Ltd saw its net profit go up by 16 per cent to Rs 23.1 million from Rs 19.9 million in the second quarter of FY2006-07 due to higher revenues. It also recorded a 24 per cent increase in total income during the same period at Rs 263 million as compared to Rs 212.8 million in the corresponding quarter of last year.

EBITDA margins maintained at 17.2 per cent for Q2, after absorbing operating losses in new businesses. The company absorbed loss of Rs 14 million in the Job Board business and Rs 16.7 million loss in its Content Services business, however, revenues from the Content Services business was up 79 per cent due to increase in business volumes from existing clients, including Encyclopedia Britannica.

Meanwhile, revenues from the publishing business was up 23 per cent YoY at Rs 179 million due to continued buoyancy of ad spend, especially in the specialty media segment.

Revenue from the Internet business was also up 14 per cent during the same period driven by growth in page views and unique visitors.

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