30 Jun, 2019

CIAL turnover and net profit in 2018-19 up despite floods - 30.06.2019

30 Jun, 2019,

121 0

Cochin International Airport Ltd( CIAL) has registered a net profit of Rs. 166.92 crore out of a turnover of Rs. 650.34 crore. for the financial year 2018-19. The board of directors who met at Kochi with the chief minister Pinaray at the chair has proposed a dividend of 27%. Despite the closure of the airport for 15 days due to the August flood, the company registered an increase of turnover by 17.52 % from a year ago. The net profit increased by 7% from last year.

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