OnMobile has posted its results for the third quarter of fiscal year 2013, ended December 31, 2012. Revenue for the fiscal quarter stood at Rs 1.762 billion, a 4.4 per cent increase over the same period a year ago.
Meanwhile, international revenues increased by 38.9 per cent and accounted for 64 per cent of the company?s net sales in the third quarter of financial year 2013, compared to 48 per cent in the third quarter of financial year 2012.
International revenue growth has been primarily driven by growth in LATAM, which recorded a 105 per cent growth, owing to the company?s investments over the last three years.
Meanwhile, revenues from its India operations declined by 27.8 per cent, while EBITDA increased by 11.2 per cent year-on-year to Rs 437 million at a 24.8 per cent margin.
The company?s net profit increased by 16 per cent to Rs 206 million. This included a one-time gain on account of the Ver Se stake sale valued at Rs 38 million during the quarter
