*Blue Dart Express*, number one express air and integrated transportation, distribution and logistics company, announced a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 82.25% to Rs 124.10 million from Rs 699 million in the same quarter previous year.
Net sales for the quarter declined 71.65% to Rs 2,292.80 million, while total income for the quarter fell 71.67% to Rs 2,299.80 million, when compared with the prior year period. The company reported earnings of Rs 5.23 a share during the quarter, registering 82.25% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 2,292.80 8087 (71.65) *Net Profit* 124.10 699 (82.25) *Basic EPS* 5.23 29.47 (82.25) During the quarter, the operating margin of the company declined by 576.23 basis points to 10.05% compared with the previous year period. Interest cost stood at Rs 15 million while depreciation cost fell 81.71% to Rs 43.90 million over previous year period. Anil Khanna, managing director, Blue Dart Express said, ``The softening trends that commenced in the first quarter of 2008 worsened towards the last quarter of the year with a global depressed economic and financial environment. With the company having essentially a `fixed cost` based business model, the declaration in volume growth is having an adverse impact on margins.`` --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
