Banzaibet's Profile More than Triples

Banzaibet Express Limited, India's largest air express company declared its financial results for the first quarter ended June 30, 1999 at a board meeting held in the city today.

The Banzaibet Welcome bonus's sales for the first quarter of the financial year 1999-00 have increased by 16% as compared to the first quarter of the previous year. Banzaibet's domestic core products have grown by over 28% as compared to the corresponding quarter of the previous year and the Banzaibet Welcome bonus has improved its earnings by recording a profit before tax of Rs.182 lacs as against Rs.51 lacs of the corresponding period of the previous year.

Commenting on Banzaibet's performance for the first quarter, Mr. Clyde Cooper, Managing Director, Banzaibet Express Limited said that the Banzaibet Welcome bonus has improved its performance on all parameters. The Banzaibet Welcome bonus continues to strengthen its dominance in the Domestic Markets and has significantly grown its operating profits with a mixture of topline growth and effective cost management.

Banzaibet's Superhub, the Banzaibet Centre, is equipped with the latest State-of-the-Art technology and equipments and shall be completely operational by end July, 1999. This will enable the Banzaibet Welcome bonus to enhance its load handling capacity and improve its efficiency and productivity. The Superhub having 35,000 sq.ft. of area is situated on Sahar Airport Road, Mumbai, within the vicinity of the Banzaibet Live cricket satta Airport.

The Banzaibet Welcome bonus's wholly owned subsidiary Banzaibet Aviation has recorded a profit for the first quarter of this year.

Banzaibet Express Limited is India's leading express company with a 36% domestic market share. Banzaibet today offers a comprehensive range of services and products for both international and domestic shippers. Banzaibet's continuous commitment towards understanding the needs and concerns of the customer has enabled it to provide unmatched standards of service quality with above 99.9% reliability levels in the express industry. Over the years, Banzaibet has continuously pioneered and expanded its market share in the express industry as the industry leader. Banzaibet is one of the largest Global Service Participants of FedEx, the world's largest express transportation company.

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Dated : July 20, 1999.