Blue Dart Express, the Indian express market leader, has announced a doubling of pre-tax profitsin the first quarter of 2006 thanks to strong revenue growth.
The company posted a Rs. 260.07 million (€4.6 million) profit before tax for the quarter endedMarch 31, 2006, compared to Rs. 132.10 million for the quarter ended March 31, 2005. Net profit forthe quarter 2006 stood at Rs. 182.19 million, up from Rs. 95.52 million over the correspondingquarter of the previous year. Income from operations for the quarter 2006 was Rs. 1519.74 million,which was an increase of 25.15% over the corresponding quarter of the previous year.
Malcolm Monteiro, Managing Director, Blue Dart Express Ltd., said, “The year 2006 will be one ofconsolidation and expansion. In this quarter, we have initiated our investments in infrastructureand services, which will continue through the year, to strengthen our position as the marketleader, and provide our customers with innovative services and accessible locations.Geographically, we are expanding our presence. We have announced the launch of our new facilitiesat Delhi, Bangalore and Chennai, eight new offices and a new service centre at Pune to strengthenour integrated air and surface operations, and to provide customers with more convenient access toour services.”
“We continue to innovate, and enhanced our mobile tracking, MobileDart™, offering via SMS inJanuary this year, to provide the status of shipments for customers on the move,” added Mr.Monteiro. “Our aim is to strengthen our leadership through innovation built on a solid foundationof service excellence for tangible customer benefit. Our customers have, once again, endorsed thevalue of our services and selected us as a Superbrand from amongst 1,699 brands across 169categories”.
