Senior Housing and Assisted Living

A man that acquired Whyte & MacKay as he was not permitted to brew scotch whiskey outside of Scotland, bought his own Formula 1 and IPL teams, Force India and Royal Challengers Bangalore respectively, is known for his lavish lifestyle. He owns yachts, private jets, beach villas at exotic locations to entire islands. But he seems to be doing something right to have cut losses in a year which saw the liabilities side of the Jet Airways balance sheet go up.

Kingfisher Airlines is India’s second largest airline by traffic. Late in May 2010, they reported a net loss of Rs. 1,647.22. This can be considered quite an improvement from a net loss of Rs. 2,139.65 posted for the year 2009.

A reduction by 23.1% in losses for the new year came about even as the company sales dropped by 3.26% in 2010, showing that India’s liquor baron is doing something right.

The company reduced operating losses by almost Rs. 1000 crore in 2010 along with a rise in income by almost 300% from Rs. 63.60 crore in 2009 to Rs. 203.12 in year 2010. Airline officials have also stated that from the current losses, Rs. 400 crore which includes premature termination of aircraft lease, foreign exchange losses and general clean up after the integration of Air Deccan are one time losses that will not be incurred again. Stocks of Kingfisher Airlines rose from a 52 week low of Rs. 39.20 on the 26th of May, 2010 to Rs. 44.85 on the 9th of June, 2010.

In contrast, Jet Airways, India’s largest air carrier managed to widen its loss by over 15% from Rs. 402.34 crore to Rs. 467.64 crore in 2010.

Sumedh is from India, and he is part of Moneyvidya.com, where you can find stock tips by proven experts with a transparent track record. Moneyvidya has been integrated to both BSE and NSE, so you can find NSE tips as well as BSE trading tips here.