Rediff Losses Widen Even As It Invests In ‘Improving Customer Experience’

Nasdaq-listed Rediff.com (NSDQ: REDF) India Ltd today said net loss for the quarter ended 30 September widened by 84% to $2.61 million, from $0.41 million during the corresponding quarter last fiscal.
Total revenues dropped 43% year-on-year to $4.19 million. Revenues from India Online dropped 45% y-o-y to $3.08 million.

2Q 2009 2Q 2008
Earnings Per ADS -$0.089 -$0.014
Net Income -$2.61 million -$0.42 million
Revenue $4.19 million $7.32 million