Record profit for CIAL in FY'16

Cochin International Airport (CIAL), the first greenfield airportin the country, has achieved a record profit during the last fiscal.
The company recorded an income of Rs 524.54 crore and profit share of 25 per cent in 2015-16, it said.
Profit after deducting tax amount stood at Rs 175.22 crore in 2015-16. It was Rs 144.58 crore in the previous fiscal.
The company informed this after its director board meeting, chaired by Chief Minister Pinarayi Vijayan in Thiruvananthapuram.
CIAL is the first greenfield airport in the country built with public-private partnership.
Ever since commercial operations started on June 10, 1999 with international flight to Dammam, CIAL has grown rapidly becoming the fourth largest international airport in India in terms of international passenger traffic in just four years.

CIAL recorded a cumulative annual growth rate of nearly 20 per cent in the initial eight years and thereafter at 12 per cent with annual passenger traffic touching 7.7 million in 2015-16.
The airport handles more than 1,100 aircraft movements per week.
Over 18 international carriersoffer direct flights to the Middle East, Singapore, Malaysia and direct connectivity to the UK, Europe, the United States, Far East and the Pacific region.