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OnMobile Global reports net losses for the quarter ended December 2015

February 08, 2016
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OnMobile Global has reported net loss of Rs 76.3 million for the quarter ended December 2015 as compared to net profits of Rs 74 million reported for the quarter ended December 2014. This can be attributed to the decline in company’s total revenues from operations, which decreased from Rs 2.26 billion to Rs 2.06 billion, during the same period.

The company’s total expenses remained high and witnessed a marginal decline from Rs 2.15 billion for the quarter ended December 2014 to Rs 2.04 billion for the quarter ended December 2015. Meanwhile, the finance costs incurred by the company declined by about 30 per cent, from Rs 6.5 million to Rs 4.5 million, during the given period.

 
 
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