Cochin International Airport Limited (CIAL) has posted a net profit of Rs 267.17 crore for FY23. The Board proposed a dividend of 35 per cent to investors, which is the highest-ever dividend offered by CIAL in its 25 years of operational history. The Board also decided to implement a development strategy accentuating its effort to increase the group turnover to Rs 1,000 crore during the ongoing silver jubilee year.
https://beit-mirkahat.comDuring FY23, CIAL alone registered a turnover of Rs 770.90 crore against the previous year’s figure of Rs 418.69 crore. The operating profit was Rs 521.50 crore and the net profit was Rs 267.17 crore. It has also decided to commence four infrastructure development projects, as per a report.