DHL’s Indian subsidiary Blue Dart Express posted sales of 5.2 billion rupees (EUR 89.5 million) inthe nine months ending 31 December last year, a rise of 24.4% on the same period a year earlier.
The company changed its financial year in 2006 to the calendar year. Full-year operationalincome for 2006 was 6.68 billion rupees (EUR 115 million) and net profit 502.2 million rupees (EUR8.64 million).
Net profit in the nine months up to 31 December fell by 26%, however, to 323 million rupees(EUR 5.5 million) from 439 million rupees (EUR 7.5 million) during the same period in 2005.
Blue Dart said earlier this week that Anil Khanna would replace Malcolm Monteiro as managingdirector, the latter having been made DHL Express senior vice-president and South Asia areadirector in a restructuring of the Deutsche Post subsidiary in the region.
DHL Express, which owns 81% of Blue Dart, dropped its plan to buy full control of the companyin November, after learning that it would have to pay 72% more than its maximum offer price to buyout minority shareholders. Blue Dart is listed on the Bombay Stock Exchange.
