CIAL posts 11.68% increase in profit after tax to Rs 124.42 crore in 2013-14

KOCHI: The profit after tax of Cochin International Airport Ltd ( CIAL), the first airport to be built in the public-private partnership mode, has increased by 11.68% to touch Rs 124.42 crore in 2013-14.

The company’s total revenue stood at Rs 361.39 crore and gross profit touched Rs 157.46 crore. The total revenue stood at Rs 306.5 crore and profit after tax at Rs 111.41 crore in the previous fiscal.

Of the total revenue around 44.8% comes from non-traffic sector. The Board of directors recommended a dividend of 18% in the current fiscal. Last year it stood at 17%. The company has been paying dividend since 2003-04.

The airport handled a total traffic of 5.3 million in the last fiscal. A long term plan prepared by the company envisages a revenue growth to Rs 3000 crore in 10 years.