Global Vectra net rises 95.81% to Rs 12.50cr in FY07

Global Vectra Helicorp Ltd. part of the UK-based Vectra Group and a leading provider of helicopter services to India’s Oil and Gas sector, has posted a net profit of Rs. 2.86 crore in the fourth quarter ended March 2007 on a total income of Rs. 44.26 crore.
GVHL posted a net profit of Rs. 12.50 crore for the year ended March 31, 2007, a jump of 95.81 per cent as compared to Rs. 6.38 crore posted in the same period in FY 06. Income from operations rose by 66.67 per cent to Rs. 149.79 crore as against Rs 89.87 crore a year ago. Earnings per share for the full year (2006-07) stood at Rs. 10.03 as against 5.70 in FY 06, a jump of 75.96 per cent.
Global Vectra Helcorp Ltd. has maintained a steady growth since it’s IPO in the second half of 2006, and this growth is in line with the company’s expectations. Further, this growth reinforces its commitment to enhancing value for its shareholders and business associates. GVHL has inducted four new Bell Helicopters in the last quarter expanding its services and support infrastructure to meet the growing demands of the industry. GVHL’s fleet size as on March 31, 2007 stood at 18 helicopters.
26/06/07 Moneycontrol.com

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Categories: Foreign Jun 2007, General Aviation Jun 2007