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Rediff.Com Announces Operating Results For Third Quarter Ended December 2002.

Publication: Business Wire
Publication Date: 30-JAN-03 		Format: Online - approximately 1231 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

MUMBAI, India--(BUSINESS WIRE)--Jan. 30, 2003

Rediff.com India Limited (Nasdaq: REDF), the premier worldwide online provider of news, information, communication, entertainment and shopping services for Indians, today announced its financial results for the third fiscal quarter ended December 31, 2002.

HIGHLIGHTS

-- Operating revenues were US$3.33 million for the quarter ended December 31, 2002. -- Operating Loss per ADS at the EBITDA level was 8.7 cents or US$2.22 million for the quarter ended December 31, 2002. -- Net Loss per ADS at the PAT level was 10.2 cents or US$2.61 million for the quarter ended December 31, 2002. -- Operating expenses for the quarter ended December 31, 2002 were US$3.15 million. -- Total registered users stood at 23.1 million as of December 31, 2002. -- Launched a series of SMS based value added services. -- Launched Rediff Personal Edition powered by XML technology.

"The mobile and PC based Internet worlds are now merging and simultaneously growing at a rapid pace. These events allow for more Indians to be connected over their mobile phones than ever before. The launch...

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