CIASL makes profit, set to be a major MRO

Kochi: The fledgling Cochin International Aviation Services Limited (CIASL), a subsidiary of Cochin International Airport Limited (CIAL), has started making operating profit.
The profit before interest, depreciation and tax of the company was Rs 81.58 lakh in the last fiscal as against a loss of Rs 42.72 lakh for the previous year.
This positive news comes out even as the company is trying to position itself as a major player of maintenance, repair and operations (MRO) on the global scene.
The loss before depreciation during the last fiscal was Rs 11.6 lakh while in the previous fiscal it was Rs 42 lakh.
The total income in 2011-12 was Rs 5.89 crore against Rs 3 crore in 2010-11. The total expenditure on employees, administration and other expenses and interest and finance charges in 2011-12 went up to Rs 6 crore from Rs 3.43 crore in 2010-11.
31/08/12 T Sudeesh & Vinod Nedumudy/Deccan Chronicle

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Categories: Indian Aviation- In General Sep 2012