Kochi: The greenfield Cochin International Airport Ltd (CIAL) airport has registered a 25 per cent growth in its income with a turnover of Rs 173 crore during fiscal 2008-09, Kerala Chief Minister V S Achuthanandan said here.
Speaking at the 15th Annual General Meeting of the company, Achuthanandan, who is also the Chairman of CIAL, said the growth in revenue has been achieved by adhering to a very focused strategic growth plan.
The aeronautic revenue comprising of landing and parking charges and other allied sources of income clocked an aggregate revenue of Rs 82.60 crore which forms around 48 per cent of the total income, marking an increase of eight per cent over the previous year, he said.
The Board of Directors had recommended a 10 per cent dividend for shareholders. Identifying cargo operations as a potential growth opportunity, CIAL which is under private-public participation, was making all efforts to develop the airport as a 'cargo hub' in the region, he said, adding "our company has already commissioned the Centre for Perishable Cargo which is a much wanted facility for the export industry, especially, agro and marine exporters."
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