Blue Dart reports Profit of Rs 111 Million

Blue Dart Express Limited, South Asia´s largest integrated air express courier and package distribution company, declared its financial results for the quarter ended June 30th 2006 at their Board Meeting.

The Company posted a Rs. 111 million profit after tax for the quarter ended June 30, 2006, compared to Rs. 104 million for the quarter ended June 30, 2005. Income from operations for the 2nd quarter 2006 was Rs. 1,574 million, an increase of 21.60% over the corresponding quarter of the previous year.

Malcolm Monteiro, Managing Director, Blue Dart Express Ltd., said, "This quarter we have focused on strengthening and expanding our air infrastructure with a view to support India´s economic growth and increasing demand for distribution. Two Boeing 757-200 freighters have been inducted into our existing fleet of five Boeing 737-200s, taking our air capacity to 250 tonnes per night across 60 route connections. This provides Blue Dart´s distribution network with an enhanced capability, giving us a major edge in the time-critical express market. We are the only express service provider in the country that has the capability to accommodate such large volumes and dimensions on our aircraft, directly benefiting our customers."

"A seventh aviation hub has been added in Ahmedabad for dedicated access and service to the growing Gujarat region, and the Hyderabad outbound gateway has been connected. This facilitates faster and more reliable shipment of larger loads into and from these regions, connecting them to the major metros of Mumbai, Delhi, Kolkata, Chennai and Bangalore which together account for 90% of the air cargo distribution across the country. Today, we are the only ones in the country with a delivery capability encompassing the entire range of services: express both domestic and international (through our alliance with global leader, DHL), air freight, ground and charters." He added.

Source : Equity Bulls

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