The 22nd annual general body meeting of the Cochin International Airport Limited (CIAL), being held here on Tuesday, is expected to approve, among other things, the induction of new members of the Board of Directors as well as the proposal to pay 25 per cent dividend for the last financial year.
Chief Minister Pinarayi Vijayan, who is the chairman of CIAL, will preside at the meeting scheduled to begin at 11 a.m. at the Fine Arts Society Hall.
There are 18,200 shareholders in CIAL in 36 countries. It is the first airport in the country to come up in the private-public partnership mode. The company achieved a profit of Rs.175 crore during the last financial year and the proposal is for dividend payment of 25 per cent. The company had a total turnover of Rs.524 crore during the last financial year. With the dividend of 25 per cent for the last fiscal, the total dividend payment from CIAL will stand at 153 per cent from 2003-04.
27/09/16 The Hindu
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Chief Minister Pinarayi Vijayan, who is the chairman of CIAL, will preside at the meeting scheduled to begin at 11 a.m. at the Fine Arts Society Hall.
There are 18,200 shareholders in CIAL in 36 countries. It is the first airport in the country to come up in the private-public partnership mode. The company achieved a profit of Rs.175 crore during the last financial year and the proposal is for dividend payment of 25 per cent. The company had a total turnover of Rs.524 crore during the last financial year. With the dividend of 25 per cent for the last fiscal, the total dividend payment from CIAL will stand at 153 per cent from 2003-04.
27/09/16 The Hindu
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