Jet Airways Q1 net dips 31%

Mumbai, July 30: | Updated: Jul 30 2007, 23:22pm hrs
Private carrier Jet Airways on Monday reported a 31.35 per cent decline in net profit at Rs 30.88 crore for the quarter ended June 30 compared to Rs 44.98 crore for the corresponding quarter last year.

However, total income increased by 19.81 per cent to Rs 1,983.03 crore for the June quarter as against Rs 1,655.19 crore for the same quarter in the previous year, the company said in communique to the Bombay Stock Exchange.

The shares of the company fell 3.15 per cent and closed at Rs 700 on the BSE.