43.7 C
Delhi
Thursday, June 12, 2025

Cochin Airport turnover touches Rs 1000 crore

Date:

Share post:

Donate-GC-Razorpay

Kochi: Cochin International Airport Limited (CIAL) has reported an impressive financial performance for the fiscal year ending March 31, 2024.

The company achieved a total income of Rs 1,014.21 crore, up from Rs 770.91 crore in the previous year, marking a substantial growth of 31.6%.

Profit before tax surged to Rs 552.37 crores from Rs 357.30 crore, reflecting a significant increase of 54.6%.

Additionally, the net profit after tax reached Rs 412.58 crore, a remarkable rise from Rs 267.17 crore in the previous year, indicating robust growth of 54.4%.

CIAL has already charted out plans for future development, including expanding the International Terminal at an estimated cost of Rs 560 crore, constructing a commercial zone at a cost of Rs 162 crore, and extending the domestic terminal.

Related articles

Muslim Man Tries to Convert, Forcefully Marry Underage Hindu Girl in Ajmer, POCSO Case Registered

Panic ensued in the Collectorate premises in Rajasthan’s Ajmer on Tuesday, June 10, when a case of a...

Los Angeles Police use stun grenades, cavalry against protesters: Correspondent

Los Angeles: Police in Los Angeles used stun grenades and cavalry against protesters, a RIA Novosti correspondent reported.Several...

UN voices concern over sudden surge in displacement in Haiti

United Nations: UN humanitarians on Wednesday voiced concern over the alarming rise in internal displacement as a result...

Eight new members announced for U.S. CDC vaccine advisory panel

New York: U.S. Health Secretary Robert F. Kennedy Jr. on Wednesday named eight doctors and researchers, including two...