Kochi: The Cochin International Airport Limited (CIAL), the first international airport in the Private-Public-Participation mode in the country, is set to soar to greater heights. Sources said the airport company had clocked a net profit of Rs 110 cr after tax in the 2012-13 financial year, up Rs 8 cr from the previous year’s.
The director board meeting is scheduled to be held on June 29 which will be attended by Chief Minister Oommen Chandy who will declare the operating profit and dividend.
Due to the cost involved in implementing new projects, the dividend is unlikely to be increased this year. The date and venue of the next annual general body meeting will also be finalized at the meet.
It will also finalise next year’s income and expenditure.One of the major projects to be implemented at CIAL is the Rs 400 cr new international terminal which is awaiting nod from the Airport Economic Regulatory Authority.
25/06/13 Vinod Nedumudy/Deccan Chronicle
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The director board meeting is scheduled to be held on June 29 which will be attended by Chief Minister Oommen Chandy who will declare the operating profit and dividend.
Due to the cost involved in implementing new projects, the dividend is unlikely to be increased this year. The date and venue of the next annual general body meeting will also be finalized at the meet.
It will also finalise next year’s income and expenditure.One of the major projects to be implemented at CIAL is the Rs 400 cr new international terminal which is awaiting nod from the Airport Economic Regulatory Authority.
25/06/13 Vinod Nedumudy/Deccan Chronicle
