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Indian logistics services provider, Blue Dart Express, reported a third consecutive drop in profit for the quarter ended June 30. The company's consolidated net profit was 621.8 million rupees ($7.6 million), down 48.4% from the previous year. The decrease in profit is attributed to reduced fuel costs and soft demand. Blue Dart has added two Boeing 737 aircraft to cater to tier-II and tier-III cities, which analysts believe will boost volumes.
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