Cochin Airport recommends 25 per cent dividend

Thiruvananthapuram, June 23 (IANS) The board of the Cochin International Airport Limited (CIAL), country’s first greenfield airport in the public-private-partnership model, on Thursday has recommended a dividend of 25 per cent for fiscal 2015-16.

Chief Minister Pinarayi Vijayan chaired the meeting held here.

The dividend of 25 per cent recommended this time is up from 21 per cent paid out in 2014-15 and 18 per cent in 2013-14.

In the last fiscal, CIAL had a turnover of Rs 525 crore up from Rs 413.96 crore in 2014-15 and profit after tax also went up from Rs 144.58 crore to Rs 175 crore.

CIAL, that began operations in 1999, in the last fiscal handled a record 7.7 million passengers.

Since 2003-04 fiscal, it has been making profits consistently and by now, the nearly 18,200 investors have received more than 153 per cent of their investment back.



Related Posts

Leave a Reply