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Cochin airport declares 18 percent dividend

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Kochi, June 27:

Cochin International Airport Limited (CIAL), India’s first greenfield airport under the public-private-partnership model, Friday declared an 18 percent divided for the last fiscal, one per cent more than what was given during 2011-12.

In a statement here after its board meeting chaired by Chief Minister Oommen Chandy, CIAL said it has posted a record profit (after tax) of Rs.124.42 crore during the 2013-14 financial year, 11.68 percent up over the previous fiscal.

The company’s net profit stood at Rs.157.46 crore with total revenues touching Rs.361.39 crore.

CIAL has been showing consistent growth since its inception and paying dividend since 2003-04.

CIAL has an investor base of 11,000 individual investors from 30 countries and the total paid up capital of Rs.306.06 crore, of which the Kerala government has invested Rs.98 crore.

(IANS)