Global Vectra posts Rs 10.8 crore net profit in Q1

New Delhi, July 25 (UNI) Global Vectra Helicorp Ltd has announced net profit of Rs 10.81 crore for the first quarter ended June 30.

Income from operations rose to Rs 45.74 crore from Rs 28.30 crore in the same period last year, marking a growth of 62 per cent. Other income is at Rs 10.86 crore which include credit of Rs 10.29 crore due to effect of changes in foreign exchange rates.

Global Vectra is dedicated to off-shore air logistics support with a fleet size of 21 helicopters. The Rs 300 crore company serves oil industry on both sides of the subcontinent through its main base at Juhu airport and forward bases at Vishakapatnam and Rajamundry.

UNI