Blue Dart Sales increase 28.61%

Mumbai, 26th October, 2006: Blue Dart Express Limited. South Asia’s largest integrated air express courier and package distribution company, declared its financial results for the quarter ended September 30th, 2006 at a Board Meeting held in the City today.

Income from operations for the 3rd quarter 2006 was Rs.1765 million, an increase of 28.61% over the corresponding quarter of the previous year, and cumulative profit for nine months was Rs.381 million. However, profitability has been impacted owing to the induction of the two Boeing 757 aircraft.

Malcolm Monteiro, Managing Director, Blue Dart Express Ltd.. said, "We are a customer-led company, and continue to be driven by their needs. Our resutts are an endorsement of our customers’ faith in us. We augmented capacity through the induction of two Boeing 757 freighters in June this year. We are now focusing on further strengthening our infrastructure, including our air and ground fleet as well as our facilities for the long term, for example, 45 new facilities would be added to the existing 217 across the country. Moreover, with Technology serving as the backbone of our operations, a back-up technology hub was set up in Bangalore during the last quarter, to serve as a hot standby site with real time switchover, in the event of any eventuality at our Mumbai Headquarters, to provide uninterrupted services to our customers. We shall continue to provide unmatched delivery capability and service excellence as the only single service provider in the country with a complete range of distribution solutions that encompass air express - both domestic and international, air freight, ground services and charters."

Source : Equity Bulls

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