New Phonepayplus Consumer Protection hit Tanla profits

[El Gringo]

http://www.medianama.com/2009/07/223...ofit-down-615/
Tanla Solutions Net Profit Down 61.5%
July 30, 2009

Recession continues to pound at VAS provider Tanla Solutions‘ revenues: this quarter witnessed a 61.5% drop in net profits to Rs. 112.07 million on a quarter on quarter basis. Profits are 80% lower than the Rs. 564.07 million recorded in Q1-09.

Tanla offers a range of services including content and campaign management, an MMS gateway, phone billing through Premium SMS for mobile applications and M-Raga, a mobile radio service as well as 3G services. It caters to both Indian and international media and telecom firms, deriving most revenue from UK and Indian markets, followed by Dubai.
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Revenues from UK bottomed out last quarter due to a change in regulations by by PayPhonePlus, the telecom regulatory authority, and have not improved. Income from Tanla’s international clients fell 39.4% to Rs. 839.08 million.

what does that say

[Cormoran]

This makes good reading. Can you just imagine the position that these cowboys would be in if PP+ did the job that they were suppose to do. That is to regulate the PRS business, but then again, no scams, no fines and who would pay the big wages at PP+.

[El Gringo]

http://www.medianama.com/2010/02/223...rinks-further/
Tanla Net Profit At Rs.126.6M, Domestic Sales Shrinks Further
February 1st, 2010

Net profits continue to stumble at mobile VAS company Tanla Solutions, which has registered a 71.8 percent decline to Rs. 126.6 million in the quarter ended December 2009 compared to the same quarter in 2008. Consolidated revenues have reduced 44.4 percent year on year to Rs. 935 million, with overseas revenues taking a dive to Rs. 917.5 million. The company relies primarily on overseas revenue from UK and Dubai media and telecom firms and its revenue growth has mirrored the growth in overseas sales as usual

Domestic Revenues Down Ten-Fold YoY

This quarter, revenues from India have registered a sheer 89 percent drop year on year and 13.6 percent quarter on quarter, similar to the September quarter indicating that Tanla is having trouble building its presence in the subcontinent though it has been successful outside it. Though its domestic business had increased in the September quarter to Rs. 7.6 million, the December quarter saw it falling back, 13.6 percent lower, sequentially, to Rs. 6.57 million. The company has a joint venture with ZED Worldwide called TZ Mobile.

Premium Rate Market:

profit is inversely proportional to consumer protection