Rediff’s 2004-05 Revenues Grew By 34%, Cuts Losses Dramatically

ZDNet India: Although we missed this story, it’s too important one not to carry.
Rediff.com India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment and shopping services for Indians, announced its financial results for its fourth fiscal quarter and year ended March 31, 2005.
Highlights
— Revenues for the quarter ended March 31, 2005 grew by 36% year on year to US$3.5 million
— India Online revenues for the quarter ended March 31, 2005 grew by 88% year on year to US$2.1 million and accounted for 61% of total revenues
— US Publishing revenues for the quarter ended March 31, 2005 declined by 6% year on year to US$1.4 million and accounted for 39% of total revenues
— Net loss for quarter ended March 31, 2005 was US$0.24 million or 0.9 cents per ADS, compared to a net loss of US$2.1 million or 8.2 cents per ADS for the same period last year
— Revenues for the fiscal year ended March 31, 2005 grew by 34% from the prior fiscal year to US$12.6 million
— India Online revenues for the fiscal year ended March 31, 2005 grew by 80% to US$6.6 million compared to the prior fiscal year
— US Publishing revenues for the fiscal year ended March 31, 2005 grew by 4% to US$6.1 million compared to the prior fiscal year
— Net loss for the fiscal year ended March 31, 2005 was US$1.4 million or 5.6 cents per ADS compared to a net loss of US$5.7 million or 22.3 cents per ADS for the prior fiscal year
— Registered user base as of March 31, 2005 totaled 36 million, an 18% increase compared to the number of registered users as of March 31, 2004

Comments have been disabled for this post