Blue Dart net dips 20%

Logistics company Blue Dart has posted a 20 per cent dip in its net for the September quarter of this year as compared to same quarter last year.

The company has posted a net profit of Rs 14 crore for the quarter ending September 30, 2008 as compared to Rs 17.43 crore it posted in the same period last year.

The company's net sales went up 27 per cent at Rs 263 crore for the September quarter of this year as compared to Rs 207 it posted in the corresponding quarter last year.

The company's stock was trading at Rs 512, nearly 7 per cent higher than Tuesday's close.

Source: business-standard.com