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Old Jul 30, 2008 | 2:06 am
  #11  
CSingh
15 Years on Site
 
Join Date: Jun 2008
Posts: 87
Originally Posted by SuperFlyBoy
They just announced a 1,4xx crore profit today, probably on leasebacks, etc!

The profit was of Rs. 143 Cr. The profit is due to smart accounting - change in depreciation method to the straight line method for their narrow body fleet. This is a one time change which will hit them big time from their next P&L statements. They would have made a loss of Rs. 772.5 Cr if they had not done this change which saved them Rs. 916 Cr.
So in brief, actually they had a loss of Rs. 772.5 Cr.
(source : http://www.jetairways.com/NR/rdonlyr...9Investors.pdf -- pg 13)
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