Network18 posts net loss of Rs 10 crore
The internet division of Network18 group, Web18 has reortedly posted a net loss of Rs 10 crore for second quarter of 2009.
The web part faced a net loss of Rs 24.71 crore a year ago in 2008, though the revenues increased in the end of the year.
According to the reports, Web18 claims to have over 2 million registered users. Average time spent on the site is over 23 minutes per visit.
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