Financial Daily from THE HINDU group of publications
Wednesday, Apr 27, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 27, 2005 |
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Corporate Results
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Supply Chain Management Logistics - Financial Performance Blue Dart Q4 net up at Rs 9.55 cr Our Bureau
Mumbai , April 26 BLUE Dart Express has posted a net profit of Rs 9.55 crore during the fourth quarter of 2004-05 against Rs 7.27 crore in the year-ago period. Net sales for the quarter rose 28 per cent to Rs 121.21 crore (Rs 94.38 crore). Other income rose to Rs 3.5 crore (Rs 28 lakh). For the year ended March 31, 2005, Blue Dart Express increased net profit by 47.44 per cent to Rs 39.04 crore from Rs 26.48 crore for the year ended March 31, 2004. According to a press release, net sales rose 29.16 per cent to Rs 459.82 crore (Rs 354.86 crore). Other income of Rs 3.79 crore (Rs 47 lakh) includes Rs 3.6 crore of profit on disinvestment of a 60 per cent holding in Blue Dart Aviation. Following the disinvestment, Blue Dart Aviation ceased to be a subsidiary of the company. The board has recommended a dividend of Rs 3 per share for the year.
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