India’s Cybermedia has reported revenues up by 20.5% for financial year 2007 at Rs98 crore (US$24.2 million). EBITDA grew 17.9% to Rs14.5 crore (US$3.5million) on the back of the increased revenues. The net profit margin declined to 6.9 per cent from 7.5 per cent due to increase in financial charges.
The company’s traditional publishing business grew by 17.7% and still represents 678% of revenues. Much faster growing, however, were Internet business, up 24.5% to Rs7 crore (US$1.7 million) and events business up by 30.9% to Rs 3 crore (US$740,000). Source: Cybermedia Press Release / Business Strategies Group, Hong Kong www.bsgasia.com