Cochin International Airport Ltd has handed over a gross dividend of ₹79.82 crore to the Kerala Government for the financial year 2024–25.
The cheque was presented to the Chief Minister Pinarayi Vijayan by Ministers and CIAL Directors P Rajeeve and K Rajan. CIAL Managing Director S Suhas, and Company Secretary Saji K George were also present on the occasion.
The financial year 2024–25 marked a historic milestone for CIAL, recording the highest revenue and profit in the company’s history. CIAL achieved a total revenue of ₹1,142 crore and a net profit of ₹489.84 crore during the period, said a press release.
The Annual General Meeting of the company approved the Board of Directors’ decision to disburse a dividend payout of 50 per cent to investors. CIAL has a strong investor base of around 33,000 shareholders spread across 25 countries, with the Kerala Government being the largest shareholder, holding 33.38 per cent equity.