Cochin Airport makes Rs 144.58 crore as profit

Friday, Jun 12, 2015,20:08 IST By metrovaartha A A A

Thiruvananthapuram | Cochin International Airport Limited (CIAL) has achieved a profit of Rs 144.58 crore in 2014-15, company’s director board meeting announced here today.In the 2014-15 fiscal the income of the company stands at 413.96 crore, attaining the profit share of 21 per cent.
CIAL has achieved 14.55 per cent growth in overall income and 16.25 per cent profit this fiscal. In 2013-14, the company’s income was Rs 361.39 crore and profit Rs 24.42 crore.
From 2003-04, the company is giving profit to its 1800 share holders from 36 countries. In the last fiscal 18 per cent profit share was announced by the company. If the recommendations of the board are passed by the yearly meeting, then 153% profit share can be given to the share holders by the company.
The Kerala Government that is having Rs 100 crore as share will get Rs 153 crore this year.More than 64 lakh people have traveled through Kochi airport. There has been an increase of 21% in commutation. 60% of the total income of the company was through commercial, duty free and other such means.
Cargo sector has also achieved growth. 64,935 ton luggage was handled by CIAL. There has been a growth of 19.28% in this regard. CIAL has also given shape to make the new international terminal a total solar terminal, the cost of which is Rs 1050 crore.