Kochi, June 29:
Surge in
duty-free sales and non-aeronautic revenues has contributed substantially to
the revenue growth of Cochin International Airport Ltd during FY-12.
The company
recorded a profit after tax of Rs 102 crore in 2011-12 as against Rs 90 crore
in the preceding year.
The pretax
profit also showed a marked improvement from Rs 116 crore during 2010-11 to Rs
134 crore during the current year.
Consistency
CIAL has been
consistently generating profits from 2003-04, barely 3 years after its commissioning
in 1999.
Right from the
beginning, the company has been focusing on non aeronautic revenue to drive
growth, a statement issued here said.
Duty-free sales
This year, the
duty free sales have been the main driver of revenue.
The main
contribution to revenue growth came from duty free sales which jumped by more
than 27 per cent to Rs 93.64 crore. Rent and services and royalties accounted
for Rs 80.31 crore.
Aeronautic
sources
The aeronautic
sources of income such as landing, parking and other charges contributed Rs
57.10 crore. Cargo income contributed around Rs 14.50 crore.
The passenger
movement for 2011-12 was around 4.72 million comprising of 2.6 million
international passengers and 2.12 million domestic passengers.
Total revenue
The total revenue
for 2011-12 was Rs 276 crore as against Rs 246 crore for the preceding year,
recording a topline growth of 12 per cent.
The board of
directors of CIAL also decided to recommend a dividend of 16 per cent to the
shareholders.
This, if
approved at the Annual General Meeting of the company scheduled on September,
would entail a pay out of Rs 47 crore to the shareholders, the statement added.
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