OnMobile Global has reported net losses of Rs 95.7 million for the quarter ended June 2014, as against profits of Rs 131.8 million for the corresponding quarter in 2013. This was accompanied with a decline in total revenues from operations, which decreased by 20.88 per cent from Rs 1.26 billion in June 2013 to Rs 996.9 million in June 2014.
Meanwhile, the total expenses marginally declined from Rs 1.15 billion to Rs 1.08 billion during the same period. Along with this, finance costs incurred by the company also reduced by 60 per cent from Rs 3.5 million in June 2013 to Rs 1.4 million in June 2014.
