Mangalore airport records Rs 9.5-cr operating profit

Mangalore: The Mangalore airport recorded an operating profit of Rs 9.5 crore for 2011-12.
Speaking on the sidelines of a function of the airport’s diamond jubilee celebration committee, M.R. Vasudeva, Mangalore Airport Director, Airports Authority of India (AAI), said that the income of the airport during 2011-12 was Rs 42 crore. It incurred an expenditure of around Rs 32.5 crore during the year. The operating profit stood at Rs 9.5 crore.
The airport, which suffered a loss of Rs 2.5 crore during 2002-03, has seen significant growth in traffic and revenue in the recent years. During 2002-03, the income of the airport was Rs 4 crore and expenditure was Rs 6.5 crore, he said.
20/08/12 Business Line

To Read the News in full at Source, Click the Headline

Categories: airports Aug 2012