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Cochin International Airport Ltd has posted a 11.68 per cent growth in net profit at ₹124.42 crore in the 2013-14 fiscal. The board of directors has recommended a dividend of 18 per cent.
The company has also increased its total revenue margin by 17.9 per cent during the period to touch ₹361.39 crore.
A press statement issued here said diversification into other sectors has helped garner more business, with 45 per cent of revenue being generated from the non-traffic sector. The airport has shown consistent growth in both passenger traffic and cargo movement. It handled more than 5.3 million passengers in the last fiscal.
In its efforts to provide international class services to passengers in a cost-effective manner, CIAL is setting up a new international terminal at an investment of ₹850 crore, which is expected to be completed by February 2016.
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