Friday, October 30, 2020

Blue Dart sees profits rise in Q2

India’s Blue Dart Express handed its staff a $352 bonus after posting a ₹414m ($5.6m) profit after tax for its fiscal second quarter 2020, a 196% increase on the ₹140m ($1.9m) in the same period of 2019.

Blue Dart, which is preparing for the logistics of distributing a Covid-19 vaccine, saw revenue from operations for the quarter ended September 30, 2020 stand at ₹8,644m ($116.2m), an 8% increase.

The express air and integrated transportation and distribution company, part of Deutsche Post DHL Group’s DHL eCommerce Solutions division, said that the Covid19 pandemic posed “a challenging time for all”.

Said a spokesperson: “Blue Dart not only weathered these challenges successfully, but also continued to ensure unmatched service delivery to its customers. To appreciate the hard work put in by its employees, Blue Dart being part of the DP-DHL Group, which strongly believes in People First Policy, paid one-time ex-gratia of ₹26,238 (€300) to each Blue Darter (excluding Senior Management) in September 2020.”

This one-off ex-gratia payment had an impact of ₹342m ($4.6m) during the quarter.

Blue Dart managing director Balfour Manuel, said: “Macroeconomic indicators as well as the opening up of the economy signals a greener future for the nation. We see our customers’ businesses coming back on track with an exciting festive season around the corner for which we are fully prepared.

29/10/20 Roger Hailey/Aircargo News

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