CIAL logs Rs 124 cr PAT, offers 18 per cent dividend

Cochin International Airport Limited (CIAL) has posted a 11.68 per cent increase in its profit after tax at Rs 124.42 crore for 2013-14 fiscal.
This was announced at the CIAL Board meeting, Chaired by Kerala Chief Minister Oommen Chandy.
The company's gross profit stood at Rs 157.46 crore and the total revenue was Rs 361.39 crore, a CIAL press release said.
The company also announced a dividend of 18 per cent, against 17 per cent in the previous fiscal.
State Ministers -- K M Mani, K Babu, CIAL Managing Director V J Kurian were among those who attended the meeting at Thiruvananthapuram.

While the aviation sector in other parts of the country suffered setbacks, CIAL increased its total revenue margin by 17.9 per cent.

The total revenue of the company during last financial year was at Rs 306.5 crore with a profit after tax of Rs 111.41 crore.
Due to diversification, there has been a 44.8 per cent increase in revenue (Rs 161.99 crore) from non-traffic sector.
It also chalked out a mega-management programme through which a revenue of Rs 3,000 crore is envisaged in the next 10 years.
The airport has been showing consistent growth in both passenger traffic and cargo movement and handled more than 5.3 million passengers in the last fiscal.

As part of CIAL's efforts to provide international class service to passengers in a cost effective manner, it now embarked on an ambitious project of building a new international terminal at a cost of Rs 850 crores, which is expected to be completed by February 2016, the release said.