Global Vectra Helicorp reports revenue of Rs 90cr

Global Vectra Helicorp Ltd, India's largest dedicated offshore air logistics helicopter company, today announced results for the quarter and six months ended September 30, 2007.
Financial Highlights
Six Months ended September 30, 2007
Revenue of Rs. 90.07 cr.
93% of revenues generated from long term contracts
Other income is mainly due to mark-to-market of forex loans
Net Profit of Rs. 13.90 cr.
Revenue is net of contractual deduction of Rs 48 lacs and helicopter spares consumption & maintenance includes Rs. 300 lacs pertaining to previous year
Quarter ended September 30, 2007
Revenue of Rs. 44.33 cr.
Other income is mainly due to mark-to-market of forex loans
Net Profit of Rs. 3.09 cr.
Helicopter spares consumption & maintenance includes Rs 97 lacs pertaining to previous quarter.
02/11/07 Moneycontrol.com (press release)

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Categories: General Aviation Nov 2007