Rediff.com India Ltd (REDF) Reports Q4 Loss of $0.18/ADS
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Rediff Reports Fourth Quarter and Full Year 2015 Results
June 30, 2015 8:11 AM EDTMUMBAI, India, June 30, 2015 /PRNewswire/ -- Rediff.com India Ltd. (NASDAQ: REDF) ("Rediff" or "the Company"), an India-based internet company which delivers digital content and commerce services, announced today results for its fourth quarter and fiscal year ended March 31, 2015.
Fiscal Year 2015 Highlights
Increased online marketplace revenues by 35% year over year, representing 27% of total revenues Deployment of proprietary data analytics software and data-driven algorithms, enabling quick approval of cash on delivery orders and customized product recommendations Return rate for cash-on-delivery orders remains low at 13%... More