H'bad airport to break even in Q3 FY09: GMR Infra

GMR Infrastructure has declared its September quarter result. The company's net profit was at Rs 46.58 crore versus Rs 49.58 crore.
A Subba Rao, Group CFO of GMR Infrastructure, said the company's Hyderabad airport project will break even this quarter itself despite footfalls falling by as much as 4% for the half year.
"Earlier at the Hyderabad airport, we were we were sanctioned to levy user development fee (UDF) only on international passengers. On August 23, we got the sanction to levy the UDF on the domestic passengers too. It is a critical factor, which was not there before. So we should break even in this quarter of the year itself," Rao said.
29/10/08 CNBC-TV18/Moneycontrol.com

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Categories: Airports Oct 2008