Blue Dart Express revenues up but profits down

Blue Dart Express revenues up but profits down

Blue Dart Express has reported that it made a Rs. 21 crores profit after tax for the quarter ended 30 June. This was down on the Rs. 44 crores profit after tax that the company posted in the same quarter of 2016. However, the company’s revenue was up, from Rs. 621 crores to Rs. 667 crores. (A crore is ten million.)

In a statement issued today (27 July), Anil Khanna, Managing Director, Blue Dart said, “As leaders in the express logistics industry and trade facilitators for the country, we will continue to delight our customers through high service quality, best-in-class technological innovations, products and services and steer successfully against the strong headwinds our economy and business face. We remain committed and will continue to have a strategic thrust towards maintaining market leadership in all segments and sustain our leadership position with renewed passion, focus and commitment.” India-based Blue Dart is part of Deutsche Post DHL Group’s Post – eCommerce – Parcel (PeP) division.

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