SpiceJet revenue up 34.9%, profitable in 4QFY2010 and FY2010

SpiceJet revenue up 34.9% - financial highlights:

• Three months ended 31-Mar-2010:
  • Total revenue: USD123.6 million, +34.9% year-on-year;
  • Total costs:
    • Aircraft fuel: USD44.9 million, +38.3%;
    • Labour: USD10.1 million, +24.2%;
  • Profit before tax: USD7.1 million, compared to a loss of USD1.5 million in the previous corresponding period;
  • Net profit: USD5.8 million, compared to a loss of USD1.6 million in the previous corresponding period;
• 12 months ended 31-Mar-2010:
  • Total revenue: USD471.5 million, +23.6%;
  • Total costs:
    • Aircraft fuel: USD171.2 million, -13.9%;
    • Labour: USD38.1 million, +17.2%;
  • Profit before tax: USD14.3 million, compared to a loss of USD69.5 million in the previous corresponding period;
  • Net profit: USD12.9 million, compared to a loss of USD74.2 million in the previous corresponding period.

*Based on the conversion rate at USD1 = INR47.555