Borders Group Inc. has declared its second quarter financial results. The company has informed that its loss figure has been widened in the second quarter of the ongoing fiscal. In these three months of time, the company has suffered a slightly larger loss.

The company has suffered a loss of $46.7 million in the quarter that ended on 31st July this year. The loss was figured out to be 67 cents per share. For the similar quarter in the previous financial year, the company had suffered a loss of $45.6 million, or 76 cents per share.

Borders Group's revenue has also seen a decline in the quarter under review.

The revenue of the firm is found out to be $526.1 million which has been decreased by 12% from its previous record. The revenue was recorded $594.2 million in its corresponding quarter in the preceding year. However, there has been a revenue growth in the operation of its Borders.com.

The company has received 56% increased revenue from Borders.com and it was recorded $15.5 million for the quarter.