BLUE DART EXPRESS: SET FOR TURNAROUND

Article Abstract:

Blue Dart Express (BDE) is one of the largest courier companies of India. Its turnover fell by 9 percent to Rs38.68 crore in the first quarter ended June 30, 1998 (Rs42.46 crore in the first quarter of 1997-98). This was due to the severe competition from the unorganised sector. It made a net profit of Rs51 lakh (Rs1.19 crore net loss). It recovered by restructuring its activities. It holds a 36 percent market share in the business. It claims to have a reliability of 99.6 percent. (uh) ------------------------------------------------------------ Financial results of Blue Dart Express (Rs in crore) ------------------------------------------------------------ Particulars Quarter ended June Year ended 1998 1997 March 1998 ------------------------------------------------------------ Other income 2.50 2.53 10.07 ------------------------------------------------------------ Expenditure 37.21 43.50 162.87 ------------------------------------------------------------ Gross profit 3.97 1.49 8.05 ------------------------------------------------------------ Depreciation 1.38 1.33 5.33 ------------------------------------------------------------ Interest 2.08 1.35 5.17 ------------------------------------------------------------ Net profit 0.51 -1.19 -4.24 ------------------------------------------------------------ Equity 8.82 8.82 8.82 ------------------------------------------------------------ EPS* (Rs) 2.32 -5.36 -4.81 ------------------------------------------------------------ * : Annualised ------------------------------------------------------------

Comment:

One of India's largest courier companies posts a net loss of Rs4.24 crore for year ended 3/98

Publisher: Boom Trading & Investments
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
Sales, profits & dividends, India, Blue Dart Express

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Delivery firms in faster lane to growth

Article Abstract:

In spite of the poor economic situation in the Asian region the Hong Kong subsidiaries of major international courier companies are performing well thanks to the continued need for fast shipment and the increased emphasis on exports by local companies. UPS has said that its freight volume and revenues were both up by 20-25% in the first 6 months of 1998, with HK$ 60mn investment planned in Hong Kong in marketing, information and Internet delivery systems. DHL, meanwhile, expects its shipments volume to increase by 20% in 1998 and tonnage to rise by up to 35%.

Comment:

Hong K: Subsids of major intnl courier cos in country perform well due to need for fast shipment & hiked focus on exports

Publisher: Sing Tao Limited
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
Sales & consumption, Hong Kong

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Federal express acquires direct air link to China in push to gain market hold

Article Abstract:

Federal Express Corp. bought a US-China air route from Evergreen International Inc. for an undisclosed amount. The air route gives Federal Express the right to make direct flights to China, and puts it ahead of rival United Parcel Service of America Inc. in the bid to enter the Chinese express delivery market. Federal Express plans to use Boeing 747s to fly from Anchorage, Alaska to Beijing, Shanghai and Guangzhou. It expects an expedited approval from the Dept. of Transportation for the new service.

Author: Frank, Robert (Swiss photographer)
Publisher: Dow Jones & Company, Inc.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
Detective & armored car services, China, Services, Courier services, Express delivery services, FedEx Express

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Subjects list: Delivery services, Article
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