India's Jet Airways yearly profit up 15pc
AFP, Mumbai
Jet Airways, India's largest private airline, said Saturday full-year net earnings rose 15 percent on air-traffic growth and profit from the sale and leaseback of planes. For the year ended March 31, the airline reported net profit of 4.5 billion rupees (101 million dollars). Full-year revenues rose 39 percent to 61.4 billion rupees. Fourth-quarter net profit soared 71 percent to 2.2 billion rupees (51 million dollars). Revenues during the three months ended March 31 climbed 61 percent to 19.7 billion rupees. Jet Airways chairman Naresh Goyal said in a statement said the results were strong but cautioned that high oil prices and other operational costs could affect future performance.
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