Cochin international airport profits touch Rs.60.32 crore

Thiruvananthapuram: Cochin International Airport Limited (CIAL) Wednesday announced a pre-tax profit of Rs.60.32 crore (Rs.603.2 million) for the fiscal year 2008-09.
Kerala Chief Minister V.S. Achuthanandan, who is also chairman of CIAL, after a meeting of the board of directors said the profit after tax has seen a sharp rise from Rs.47.12 crore (Rs.471.2 million) in 2007-08.
“The meeting also approved a budget for the current fiscal for Rs.207 crore (Rs.2.07 billion) and we foresee an expenditure of Rs.155 crore (Rs.1.55 billion),” he told reporters.Achuthanandan also added that CIAL plans to set up a management academy in the current year.
According to the company’s website, CIAL had an annual passenger movement of over 2.6 million and 386 aircraft movements per week. Currently, 10 domestic and 16 international airlines operate from CIAL.
22/04/09 IANS/Thaindian.com, Thailand

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Categories: Airports Apr 2009