Deccan Aviation net swings to profit in Dec`06 qtr

Deccan Aviation`s net swung to a profit of Rs 96.40 million for the quarter ended December 2006 as compared to the net loss of Rs 429.40 million during the previous quarter ended september 2006.
Net sales for the quarter rose 32.25% to Rs 4749.90 million from Rs 3587 million in the previous quarter. Total income grew 18.79% to Rs 6368.20 million as against Rs 5360.80 million in the last quarter.
Earning per share for the quarter stood at Rs 0.98 for December 2006 quarter.
During the period, the company allotted 1,963,640 equity shares of Rs 10 each at a premium of Rs 140 per equity share on preferential allotment basis to Investec Bank (UK). The paid up capital of the company stands increased to its 1,001,456,470.
The equity shares of the company were listed and admitted for trading on Bombay Stock Exchange and National Stock Exchange of India w.e.f. Jun 12, 2006.
The company operates in a single business segment i.e, of providing scheduled & unscheduled air transport services & operates only in India.
13/02/07 Myiris.com

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Categories: air deccan feb 2007