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CyberMedia Q2 net profit up 51 per cent at Rs 19.94 million

28-October-2005
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CyberMedia Q2 net profit up 51 per cent at Rs 19.94 million

Specialty media house, CyberMedia Ltd saw its net profit going up 51 per cent in the second quarter to Rs 19.94 million as compared to the corresponding quarter in 2004-05 due to higher sales and improved operating profit margins and lower interest cost.

Total income of the company is up 26 per cent (year-on-year) to Rs 212.75 million as compared to Rs 168.67 million last year.

Revenue from the online business has gone up by 72 per cent compared to 40 per cent in case of the publishing business and 56 per cent for the research business. Operating profit (EBITDA) of the company also increased by 36 per cent y-o-y to Rs 36.39 million from Rs 26.74 million in Q2 last year due to steady increase in advertisement rates.

Speaking on the results, Pradeep Gupta, Managing Director, CyberMedia, said, “Our strategy of focusing on high growth, high margin businesses has started giving positive results with operating margins improving to 17.4 per cent. The profits could have been better but for the fresh investments made in CyberMedia Dice (Rs 5.1 million) and CyberMedia Services BPO (Rs 5.7 million). Our pioneering effort for globalising the print media is also progressing well, and both our new projects – Global Outsourcing and BioSpectrum will be launched before schedule.”

The company recently formed a 50:50 JV with CMP Media, called CMP Cyber Media LLC, for publishing and marketing ‘Global Outsourcing’, a publication for the BPO sector, which is expected to be launched in January, 2006.

Other than its well-known business operations in publishing, outsourcing, research and online spaces, CyberMedia also produces a career-based programme – ‘Career Batein’ – for Doordarshan.

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