REDIFF.COM INDIA LTD
SELECT FINANCIAL INFORMATION FOR THE QUARTER JULY TO SEPTEMBER 2008 Figures in $ 000s
Jul - Sep 08
Jul - Sep 07
Revenues India Online Advertising Fee based service Total India Online
4,035 1,583 5,618
4,263 1,468 5,731
(228) 115 (113)
-5% 8% -2%
4,035 1,583 5,618
5,003 1,559 6,562
(968) 24 (944)
-19% 2% -14%
US Publishing Offline revenues Online revenues Total US Publishing
1,211 487 1,698
1,400 730 2,130
(189) (243) (432)
-14% -33% -20%
1,211 487 1,698
1,283 480 1,763
(72) 7 (65)
-6% 1% -4%
Total Revenues
7,316
7,861
(545)
-7%
7,316
8,325
(1,009)
-12%
Cost of revenues India Online US Publishing Total cost of revenues
951 804 1,755
632 797 1,429
319 7 326
50% 1% 23%
951 804 1,755
916 762 1,678
Gross Margin India Online US Publishing Total gross margin
4,667 894 5,561
5,099 1,333 6,432
(432) (439) (871)
-8% -33% -14%
4,667 894 5,561
5,646 1,001 6,647
Gross Margin % India Online US Publishing Total gross margin Operating Expenses Sales & Marketing Product Development General & Administrative * Total operating expenses Operating EBIDTA Depreciation / Amortization Interest Income
83% 53% 76%
83% 53% 76%
35 42 77
%
4% 6% 5%
(979) (107) (1,086)
-17% -11% -16%
86% 57% 80%
1,551 1,687 2,261 5,499
1,433 1,771 2,341 5,545
118 (84) (80) (46)
8% -5% -3% -1%
62
1,040
(978)
-94%
62
1,102
(1,040)
-94%
(1,644)
(1,456)
(188)
(1,644)
(1,681)
37
1,124
1,445
(321)
1,124
1,170
(46)
128
10
291
(281)
43
43
(118) -
(405)
911
(10)
(22)
(415)
889
307
407
(1,316) 12
(1,304)
43
(405)
882
(10)
(110)
(415)
772
307
441
# of Advertisers
261
193
261
257
# Headcount at end of Quarter
346
319
346
338
Cash Balance $ mln at end of quarter
Variance
8% 15% -9% 2%
43
* Stock-based compensation cost included in General and Administrative
89% 63% 82%
Apr - Jun 08
120 221 (234) 107
Other Income
Net (loss) / income
Jul - Sep 08
1,431 1,466 2,495 5,392
10
Tax
%
1,551 1,687 2,261 5,499
Foreign exchange Gain/(Loss)
Net (loss) / income before income taxes
Variance
49.1
59.1
49.1
54.7
(1,287) 100
(1,187)