OnMobile Global second quarter revenue increased 25.2 percent to Rs 2,250 million. This is despite a 31.8 percent decline in India revenues to Rs 506 million. Domestic revenues impacted by the TRAI Consent Gateway guidelines, released on July 11, 2013.
The VAS provider’s international revenue increased 65.1 percent to Rs 1,745 million and contributed 78 percent of the net revenue in Q2 FY 2014 against 59 percent in Q2 FY 2013. North America and Europe contributed to the increase in international revenue.
OnMobile Global EBITDA declined 3.6 percent to Rs 335 million on account of loss of Rs 24 million of LiveWire.
Net Profit declined from Rs 62 million to Rs 15 million on account of net loss of Rs 85 million of LiveWire.