Indian courier delivery company Blue Dart Express on Friday reported a 12.8% decline in first-quarter profit, as expenses outweighed the recovery in volumes. The company's consolidated net profit dropped to Rs 534.2 million ($6.4 million) in the April-June quarter, compared to Rs 612.8 million a year earlier. This follows a 12% profit increase in the previous quarter after five consecutive quarters of flat or declining profit.
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