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Home / India News / 2007 / January / January 24, 2007
CyberMedia records 26.5% YoY increase in Total Income for 9M FY'07

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CyberMedia records 26.5% YoY increase in Total Income for 9M FY'07

New Delhi, Delhi, India

Financial Highlights (Consolidated)

9M FY'07 Vs 9M FY'06 - YoY

-- Total Income up 26.5% to Rs 742.1mn from Rs 586.7mn driven by strong growth in media segment

-- Revenues from publishing business up by 27.1% to Rs 514.6mn due to

-- Rs 10,000-12,000 per page increase in revenue realization due to lower discounting

-- Buoyancy of print ad spends; especially in the specialty media segment

-- Revenue from Internet business up 36.5% to Rs 52.1mn

-- Increased traffic and community focus; New communities added: Enthusiast & Retailer

-- Community event based revenues up 44.4% from Rs. 6.3mn to Rs. 9.1mn

-- Increased online ad spends by existing clients

-- Revenues from Events business up 22.3% to Rs 27.0mn, driven by:

-- Strategy of focus on higher value realizing business with a cut-off event size threshold of Rs 2.5mn

-- EBITDA up 21.8% to Rs 118.5mn from Rs 97.2mn due to increased revenues and economies of scale.

-- EBITDA margin down marginally to 16.0% from 16.6% after absorbing operating losses of Rs 8.1*mn in media services segment

-- Other expenses up 69.7% on account of increased operating & communication costs

-- Staff cost up 28.2% on account of performance & productivity linked bonus scheme launched by the company

-- Net Profit up 21.5% to Rs 58.2mn from Rs 47.9mn

Operational Highlights

-- Acquired 49% stake in Publication Services Inc. (PSI) to front end its content outsourcing business in the US. PSI, with a 50-member strong team and FY'06 revenue of US$ 2.7 mn, provides a wide range of book and document production services for publishers. Its repertoire of clients includes McGraw-Hill, Cambridge University Press, Harvard University Press, Elsevier Science, John Wiley & Sons, Oxford University Press, and many more.

-- Launched a new magazine Voice and Data Connect in December, 2006 focusing on telecom channels and solution providers for mobile phones.

-- Organised the first Biospectrum event in Dec'06 in Singapore which received a warm industry response. Organised the BioSpectrum Awards Nite, the largest biotechnology gathering with participation from over 300 CEO which was inaugurated by Mr Kapil Sibal, Minister of Science and Technology

-- Tied up with Bihar State Government for organizing events.

About CyberMedia (India) Ltd.

CyberMedia is South Asia's first and largest specialty media house with:

-- Twelve publications (including Dataquest and PCQuest) in the infotech, telecom, consumer electronics and biotech areas

-- An end-to-end Media value chain including the internet (www.ciol.com), events and television

-- Media Services include market research (IDC India), job board (CyberMedia Dice), content outsourcing, multimedia, and media education

CyberMedia's products reach out to 1.2mn readers and 0.7mn online community. Its publications are leaders in their respective categories.

For further information on company please visit www.cybermedia.co.in

Forward Looking Statement

Certain statements in this document with words or phrases such as "will", "should", etc., and similar expressions or variation of these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from those suggested by the forward looking statements due to a number of risks or uncertainties associated with the expectations. These risks and uncertainties include, but are not limited to, our ability to successfully implement our strategy and changes in government policies. The company may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the stock exchanges and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.

To view the press release along with the tables please click on the link given below:

Financial Results

Shivik Gupta, Cyber Media (India) Ltd, +91 (0124) 2384816 shivikg@cybermedia.co.in

Source: Cyber Media (India) Ltd (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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