Earnings: Rediff Makes $6.99 Million Profit; Revenue At $28.68 Million
Rediff India (Nasdaq: REDF), one of the biggest online portal companies, posted revenues of $2.00 million in Q4, up from $0.53 million for the year-ago quarter. It recorded $28.68 million in revenue for the fiscal year ending March 31, 2007, up 53 percent year-on-year (YoY), with Q4 being by far the best quarter for the company - accounting for $8.48 million, up 66 percent YoY. More coverage on ContentSutra. Release | Financials
May 16, 2007 6:14 PM ET
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May 17, 2007 1:45 AM
50% of the net profit is from interest income….. based on the large cash reserves left over from IPO. (since they were loss making till even 6 quarters ago)
So while they are making more revenues - its not like they are exploding with growth like the China internet portals.
....players like Naukri seem to be doing far better than Rediff.com in terms of internet revenues.
May 17, 2007 4:39 AM
Its a great way of looking at it Kumar. Thanks for this critical analysis.
I totally agree with Kumar on this
Cheers
Santosh
May 17, 2007 7:37 AM
What the hell are you talking about? Revenue is doubling every year in the Indian online business. You are talking out of your fat ass.
LOL
May 21, 2007 9:20 AM
The Indian online business has improved from $12 mn to $20 million, around 64% increase. And it is true that of the $7 mn profits, $3.7 is interest income.
Mar 10, 2009 8:56 AM
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