Jet Airways gains on lower losses q-o-q

BSE 23 May 12 | 12:00 AM

321.95		12.65 (4.09%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532617

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

322.20		12.75 (4.12%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: JETAIRWAYS

Performance
1 Week	:	Rs	287.00	(12.18%)
1 Month	:	Rs	345.10	(-6.71%)
1 Year	:	Rs	446.60	(-27.91%)

Jet Airways gains on lower losses q-o-q

SI Reporter / Mumbai 23 Jan 12 | 12:18 PM

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Jet Airways has risen 5% to Rs 243 after it reported lower losses at Rs 363 crore for the third quarter ended December 2011, compared to a loss of Rs 449 crore in the preceding quarter (Jul-Sep), as the airlines benefited from sale and leaseback of planes, a property deal and foreign-exchange gains.

The private carrier had posted a net profit of Rs 118 crore for the same quarter of previous fiscal. Revenue rose 13% to Rs 3,939 crore on year-on-year basis.

The company earned Rs 103 crore through the real-estate agreement, while its forex gain rose to Rs 179 crore from Rs 1.24 crore a year earlier.

Jet posted a profit of Rs 76.09 crore on the sale and leaseback of planes and said it will do more such deals with its Boeing planes in the current quarter through March.

A combined 2.68 million shares have changed hands on the counter so far on the NSE and BSE.