Jet Airways gains over 4% on strong Q2 results

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Shares of Jet Airways rose over 4 per cent in early trade on Bombay Stock Exchange (BSE) after reporting a net profit of Rs 69.82 crore for the quarter ended September 2014 (Q2) on the back of gains from the sale of its frequent-flyer programme (FFP) and higher other income. The company had net loss of Rs 891 crore in a year ago quarter. Sales increased 16 per cent to Rs 4,403 crore against Rs 3,788 crore in the corresponding quarter of previous fiscal.

Jet Airways gains over 4% on strong Q2 results
The shares of company rose as much as 4.26 per cent to trade at Rs 262.15 a piece on the BSE.

Similarly, shares of the company rose 4.09 per cent to Rs 262 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 27,851.85, up 16.78 points or 0.06 per cent at 10.46 hours.

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Story first published: Monday, November 10, 2014, 12:50 [IST]
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