Financial Daily from THE HINDU group of publications
Wednesday, Apr 28, 2004
Financial Daily from THE HINDU group of publications Wednesday, Apr 28, 2004 |
||
|
|
||
|
Corporate Results
-
Supply Chain Management Blue Dart PAT up at Rs 7.27 cr Our Bureau
For the full year ended March 31, 2004, the integrated air express, courier and logistics company, posted a net profit of Rs 26.48 crore, up 25.62 per cent from Rs 21.08 crore in the same period last year. The company will pay Rs 4.50 per share for the full year ended March 31, 2004, compared to Rs 2.75 in the year ended March 31, 2003. According to a company official, product mix and fixed cost model aided by ownership of freighters had helped the company improve loads and, thereby, the profit levels. Transportation of express shipments, which was more profitable than lifting cargo, had also helped the company improve its bottomline, he said. For the fourth quarter ended March 31, 2004, total income stood at Rs 94.66 crore (Rs 80.74 crore) and profit before tax at Rs 11.35 crore (Rs 8.31 crore). Total income for the full year ended March 31, 2004, stood at Rs 355.33 crore (Rs 315.37 crore) and profit before tax at Rs 41.30 crore (Rs 31.19 crore). According to the Managing Director, Mr Clyde Cooper, the company had maintained its strong performance in 2003-04 despite concerns of spiralling oil prices. The company had made significant investments in strengthening its customer service and distribution network across the country. . This includes the opening of distribution complexes at Bhiwandi, Hyderabad, and Mumbai, and an integrated facility at the Kolkata airport. The company, the official said, would shortly add a fourth aircraft to its fleet on a full-time basis.
More Stories on : Supply Chain Management
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|