CIAL declares dividend

Thiruvananthapuram: The Cochin International Airport Limited (CIAL), which has some 10,000 NRIs as shareholders, has declared 8% dividend for the year 2006-07.
The decision was taken at a meeting of the CIAL’s board of directors. Chief Minister V S Achuthanandan presided. He is chairman of the company on behalf of the state government, the single largest stakeholder.
The company recorded a profit of Rs370mn during the last fiscal year as against the previous year’s Rs310mn.
The CIAL managing director S Bharat said boarding and disembarking time has been reduced by 30 minutes after opening of a new taxiway.
The CIAL board which rejected a proposal for user’s fee on passengers also decided to talk to various airlines to reduce airfares. Bharat and Abu Dhabi Chamber of Commerce director M A Yousef Ali, who is also a director of the company, will lead the talks.
21/07/07 Ashraf Padanna/Gulf Times, Qatar

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Categories: Airports Jul 2007