Rediff Q4 profit jumps to Rs 37.4 crore

Mumbai, May 16 (UNI) Leading news portal Rediff.com's net profit rose 66 per cent up to Rs 37.4 crore for the quarter ended March 31.

India online revenues, which comprise advertising and fee-based revenues, was spotted around Rs 27.8 crore for the quarter.

Net income scaled up to Rs 8.8 crore as compared to the past year margin of Rs 2.3 crores for the quarter year, a company release said here today.

For the full year, revenues totaled at Rs 130.0 crore, an increase of 53 per cent from the past fiscal.

India online revenues for FY07 rose by 71 per cent up to Rs 94.1 crore. Net income for FY07 stood at Rs 31.7 crore, the release added.

UNI