CyberMedia H1 revenues up by 20.5 p.c

NEW DELHI, INDIA: CyberMedia, Asia’s largest specialty media house, has announced its half yearly results for the fiscal 2007-08. The total income is up by 20.5 per cent to Rs 55.75 crore from Rs 45.5 crore driven by strong growth in media services segment.

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is up by 22.9 per cent to Rs 8.90 crore from Rs 7.24 crore due to increased revenues, while the EBITDA margin remain stable at 16 per cent.

During the period, media services revenue increased by 83.8 per cent to Rs 20.78 crore from 11.30 crore and media revenue up by 3.7 per cent to Rs 36.31 crore from Rs 35.03 crore.

Financial charges have increased to Rs 1.35 crore from Rs 0.59 crore due to increase in borrowing rate and additional funding for financing new projects and working capital.

The PBIT margin for media services has improved by Rs 1.85 crore YoY, which is now in positive of Rs 0.21 crore from a negative of Rs 1.64 crore in HI 06-07 due to increased turnover. However, PBIT margin for Media declined by 5.5 per cent primarily due to launch of two new magazines and depreciation.

During the period, the company-launched India's first entrepreneurship magazine Dare and also launched Halsbury's Law Monthly in collaboration with Lexis Nexis.

With 15 publications, 12 websites, more than 100 events and weekly TV programs, CyberMedia group reaches out to a community of over 1.5 million people.