Rediff.com India Limited Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Announces Impairment of Long Lived Assets for the Fourth Quarter Ended March 31, 2015
For the full year, the company announced total revenues of $15.33 million compared to $16.12 million for the same period a year ago. Operating LBITDA was $9.99 million compared to $7.71 million for the same period a year ago. Net loss before income taxes was $13.87 million compared to $7.62 million for the same period a year ago. Net loss was $13.88 million compared to $7.47 million for the same period a year ago. Net loss per ADS, basic and diluted was $0.503 compared to $0.271 for the same period a year ago.
For the fourth quarter ended March 31, 2015, the company announced impairment of long lived assets of $3.20 million compared to $1.59 million for the same period a year ago.