Rediff 4th Quarter and year end results
NDTV: Following are the highlights from Rediff.com Indian Ltd. (NASDAQ: REDF) fourth quarter and year end March 31st, 2006 earnings report:
– Revenues for the quarter ended March 31, 2006 were US$5.11 million; an increase of 48% over revenues from the quarter ended March 31, 2005.
– India Online revenues for the quarter grew by 69% to US$3.57 million over revenues from the quarter ended March 31, 2005.
– US Publishing revenues for the quarter grew by 14% to US$1.54 million over revenues from the quarter ended March 31, 2005.
– Gross Margins increased to 76% for the quarter, compared to 62% for the quarter ended March 31, 2005.
– Net income for quarter was US$0.53 million or 1.96cents per ADS, compared to a net loss of US$0.24 million or 0.92 cents per ADS for the quarter ended March 31, 2005.
– Revenues for the fiscal year ended March 31, 2006 grew by 48% to US$18.70 million compared to revenues during the prior fiscal year.
– India Online revenues for the fiscal year ended March 31, 2006 grew by 86% to US$12.17 million compared to India Online revenues during the prior fiscal year.
– US Publishing revenues for the fiscal year ended March 31, 2006 grew by 8% to US$6.53 million compared to US Publishing revenues during the prior fiscal year.
– Net income for the fiscal year ended March 31, 2006 was US$1.21 million, or 4.50 cents per ADS, compared to a net loss of US$1.43 million, or 5.56 cents per ADS, for the prior fiscal year.
– Registered users as of March 31, 2006 numbered 43.05 million, a 20% increase compared to the number of registered users as of March 31, 2005
– The number of advertisers on the Company’s site as of the quarter ended March 31, 2006 totaled 156 brands, up 41% on a year-on-year basis.
– Increase in average CPM price realization for banner advertising in the quarter ended March 31, 2006. Six industry categories accounted for 79% of advertising on Rediff during the quarter ended March 31, 2006: consumer financial services, employment, education, matrimonial, FMCG and IT.
– The top 10 advertisers for the quarter ended March 31, 2006 accounted for 49% of India Online advertising revenue compared to 59% % during the same quarter last year.
– Steady increase in the share of performance based advertising in the quarter ended March 31, 2006.
– Cash and cash equivalents totaled approximately US$53 million as of March 31, 2006.
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