AAI's 2016-17 net profit up 23%

State-run Airports Authority of India (AAI) on Wednesday reported an increase of 22.78 per cent in its net profit for 2016-17.

According to AAI, its net profit during the fiscal year under review rose to Rs 3,115 crore from Rs 2,537 crore reported for 2015-16.

"AAI recorded all time high total income of Rs 12,542 crore (previous year Rs 10,824 crore), and operational income of Rs 8,024 crore (previous year Rs 6,876 crore) in FY 2017," it said in a statement.

AAI declared a dividend of Rs 934 crore payable to the central government. It had paid an interim dividend of Rs 560 crore on February 22, 2017.

"The net worth of the organisation as on March 31, 2017 is Rs 15,029 crore (previous year Rs 13,038 crore) and capital employed as on March 31, 2017 is Rs 11,282 crore (previous year Rs 10,540 crore)," the statement added.

--IANS

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