Rediff.com India Ltd (REDF) Reports Q2 Loss of $0.06

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Go back to Rediff.com India Ltd (REDF) Reports Q2 Loss of $0.06

Rediff Reports Second Quarter 2016 Results

October 29, 2015 7:34 AM EDT

MUMBAI, India, Oct. 29, 2015 /PRNewswire/ -- Rediff.com India Ltd (NASDAQ: REDF) ("Rediff" or "the Company"), an India-based internet company which delivers digital content and ecommerce marketplace services, announced today financial results for its second quarter ended September 30, 2015.

Second Quarter ended September 30, 2015 Highlights

Marketplace revenue as a share of total revenues grew to 33%, compared to 31% in the corresponding quarter last year. Revenues of $3.42 million, down 6% year-over-year due to a 7% decrease in the Indian Rupee to U.S. Dollar exchange rate. In rupees, revenues... More