Cochin International Airport reports Rs 72 cr Q1 loss, revenue at Rs 19 cr
Hit by travel restrictions due to Covid-19 spread, Cochin International Airport Ltd, the first airport in India to be built in a public private partnership, has incurred a loss of around Rs 72 crore in the first quarter of current financial year, the company said on Tuesday.
The company, however, registered a profit of Rs 204.05 crore for the financial year 2019-20, prompting the director board chaired by Chief Minister Pinarayi Vijayan to propose a dividend of 27 per cent which has to be endorsed by the Annual General Meeting of shareholders slated to be held on September 5, 2020.
The holding company having 100 per cent shares in subsidiaries like Cochin Duty Free and Retail Services Ltd (CDRSL) registered a consolidated turn over of Rs 810.08 crore.
