Rediff reports net loss of $2.61 million

Rediff.com has posted a net loss of $2.61 million for the second quarter ended September 2009.

Total revenues declined by 43 per cent to $4.19 million during September 2009 ended quarter from $7.32 million posted for the second quarter of the previous year.

Rediff India's Online revenues, which include advertising and fee-based revenues, for the quarter ended September 2009 totalled $3.08 million, which was a decline of 45 per cent compared to $5.62 million recorded a year ago.

US Publishing revenues went down by 35 per cent from $1.70 million reported for the September 2008 ended quarter to $1.11 million posted for the second quarter ended September 2009.

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